Disbursement of ₹1333 crore incentives: Yogi government injects booster dose, business world promises more investment
6 months, 3 weeks ago

Disbursement of ₹1333 crore incentives: Yogi government injects booster dose, business world promises more investment

Hindustan Times  

In a major push to investment, chief minister Yogi Adityanath on Friday disbursed incentives of over ₹1333 crore to 32 companies and distributed Letters of Comfort for about ₹4500 crore to 11 industrial units at a special programme at Lok Bhavan here. As this also marked the resolution of the Samsung issue, which was lingering for six to seven years, Uttar Pradesh chief secretary Manoj Kumar Singh observed, “If we can resolve the Samsung issue, we can resolve any issue.” Samsung India got incentives of ₹549.83 crore while Samsung Display has been given reimbursement of ₹161.47 crore as incentives. JK Cement’s Raghavpat Singhania declared that an additional investment of ₹1500 crore will be made while Birla Corporation’s Sandeep Ghosh said his company was ready to collaborate with the state government in skill development programmes. Gallant Ispat’s CP Agarwal said the state government should hold such incentive distribution programmes on a quarterly basis and his company would invest 10 times of whatever amount the state government may reimburse as incentives.

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