Lucknow, 17 Aug (HS): Industrial

Development Minister of Uttar Pradesh Government Nand Gopal Gupta Nandi

approved the proposal to provide incentive amount of more than Rs 44.30 crore

in the form of interest free loan to four companies and units under the

Industrial Investment Promotion Scheme. Soon these companies will get the

money. This will help entrepreneurs to expand their industries. Minister Nandi

said that under the guidance of Prime Minister Narendra Modi and the leadership

of Chief Minister Yogi Adityanath, the country's growth engine Uttar Pradesh is

continuously progressing towards progress. Investment is being encouraged to

make the state a one trillion dollar economy. At the same time, a box of

facilities has been opened for entrepreneurs.

Minister Nandi said that before

2017, industries were migrating from Uttar Pradesh, but under the Yogi

government, Uttar Pradesh has emerged as a major centre of investment, where

investors are being given incentives. The Uttar Pradesh government has

announced specific policies under the Industrial Investment and Employment

Promotion Scheme Policy to encourage investors. Under these, provision has been

made for subsidy, SGST reimbursement and other financial incentives for

businesses. The new Uttar Pradesh of the new India has emerged as a major

destination for investment.

Approval issued for these

companies: Minister Nandi has approved incentive amount of Rs 2 crore 87 lakh

51 thousand 630 to Varun Beverages Limited, Gautam Budh Nagar, Rs 13 crore 31

thousand 313 to Birla Corporation Limited, Rae Bareli, Rs 24 crore 45 lakh 09

thousand 402 to Vrindavan Agro Industries Private Limited, Mathura and Rs 3

crore 97 lakh 87 thousand to Bharat Infracement Limited, Chandauli.

Hindusthan Samachar / Abhishek Awasthi