Lucknow, June 29: The Uttar Pradesh government has taken a significant step to boost industrial investment and job creation by approving a financial incentive package of ₹46.79 crore for four industrial units under the COVID-19 Rapid Investment Incentive Policy-2020.
The decision was made during a meeting of the Empowered Committee chaired by Chief Secretary S.P. Goyal, where proposals related to providing special facilities and concessions for mega projects were also discussed.
The meeting approved financial assistance for eligible companies under the COVID-19 Rapid Investment Incentive Policy, aimed at promoting mega industrial projects in the state. The approved proposals include a financial incentive of ₹29.59 crore for JK Cement Limited in Hamirpur for the period from April 1, 2025, to December 31, 2025 (three quarters).
Additionally, Kanodia Cement Private Limited in Amethi has been sanctioned ₹3.62 crore for the period from July 1, 2025, to September 30, 2025 (one quarter). Similarly, Ankur Industries Limited in Gorakhpur will receive ₹10.38 crore for the same quarter, while Unilever India Limited in Hamirpur has been approved ₹3.20 crore for the period from April 1, 2024, to December 31, 2024 (three quarters).
The meeting also emphasized that the state government is continuously working on policies to promote industrial investment, attract new mega projects, and create a conducive environment for investors. To this end, timely disbursement of incentive amounts is being ensured for eligible industrial units, aiming to further accelerate investment, production, and job creation in the state.
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