Yogi govt introduces customised packages for big projects in UP Lucknow, April 22. The Uttar Pradesh government, led by Chief Minister Yogi Adityanath, has introduced case-to-case customised packages for ultra mega category projects of special importance in the state, a government spokesman said.
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This is a part of the amended Industrial Investment and Employment Promotion Policy 2022. The Department of Infrastructure and Industrial Development has revised the policy’s provisions to enable this initiative. Under the amendments, a committee chaired by the CEO of Invest Uttar Pradesh will evaluate such projects and recommend special packages, said a government spokesman.
Upon endorsement by the high-level Empowered Committee and the Cabinet, customised packages will be provided for these large-scale projects. The Council of Ministers will grant final approval based on the Empowered Committee’s recommendation. Previously, applications for such projects were reviewed by the nodal agency.
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However, the amended policy now entrusts this responsibility to the committee under the CEO of Invest Uttar Pradesh. The approval process involves the recommendation of various high-level authorities, including the Additional Chief Secretaries/Principal Secretaries of relevant departments and a negotiation committee.
Acknowledgment certificates will be issued to applicants by the nodal institution, and the evaluation process will adhere to defined provisions for mega-category cases.
These amendments aim to streamline the process of providing tailored incentives for projects deemed of special importance in the ultra mega category, ensuring efficient decision-making and promoting investment in the state.
