UP Government Approves ₹46.79 Crore Incentive for Four Companies Under Investment Promotion Policy
Uttar Pradesh Clears ₹46.79 Crore Incentive to Boost Industrial Growth
Lucknow | June 30, 2026 : The Uttar Pradesh government has approved ₹46.79 crore as investment incentives for four companies under the UP Investment Promotion Policy 2020. The decision aims to encourage industrial expansion, strengthen manufacturing, and generate employment across the state.
The approval came during a meeting of the High-Level Empowered Committee (HLEC) chaired by Chief Secretary Manoj Kumar Singh in Lucknow. Senior officials from the Infrastructure and Industrial Development Department, Invest UP, and other government agencies also attended the meeting.
Companies Approved for Investment Incentives
Four Firms Receive Financial Support
The committee approved incentives for four industrial units operating in different sectors.
According to the official decision:
| Company | Incentive Approved |
|---|---|
| Saarloha Advanced Materials Pvt. Ltd. | ₹10.38 crore |
| Jhunjhunwala Oil Mills Ltd. | ₹3.62 crore |
| Nobi India Pvt. Ltd. | ₹29.59 crore |
| Anchor (Industrial Unit) | ₹3.20 crore |
Together, these approvals amount to ₹46.79 crore, reinforcing the state’s commitment to promoting industrial investment.
What is the UP Investment Promotion Policy 2020?
Policy Designed to Accelerate Industrial Development
The UP Investment Promotion Policy 2020 was introduced to attract fresh investments after the COVID-19 pandemic. The policy focuses on:
- Encouraging manufacturing investments
- Creating employment opportunities
- Supporting industries in economically developing regions
- Providing capital subsidies and SGST reimbursements
- Improving industrial infrastructure
- Promoting balanced regional development
The policy particularly targets large, mega, and super-mega industrial projects in Purvanchal, Bundelkhand, and Madhyanchal.
High-Level Committee Reviews Pending Claims
Multiple Incentive Applications Also Examined
Besides approving financial incentives, the committee reviewed several pending claims submitted by industries under different investment schemes.
Officials also discussed applications seeking:
- Capital subsidy
- Stamp duty reimbursement
- SGST reimbursement
- Other investment-linked incentives
The meeting focused on ensuring that eligible industries receive incentives without unnecessary delays.
Investment-Friendly Policies Continue to Drive Growth
UP Strengthens Ease of Doing Business
Over the last few years, Uttar Pradesh has introduced several reforms to improve its business environment.
Some major initiatives include:
Single Window Clearance
The Nivesh Mitra Portal allows investors to obtain approvals online from multiple departments.
Invest UP Facilitation
Invest UP acts as the state’s investment promotion agency and assists investors throughout the project lifecycle.
Sector-Specific Policies
The state has launched more than 20 sectoral policies covering:
- Electronics manufacturing
- Data centres
- Food processing
- Electric vehicles
- Logistics
- Defence manufacturing
- Warehousing
- Textiles
- MSMEs
These policies aim to make Uttar Pradesh one of India’s most competitive investment destinations.
Industrial Incentives Play a Key Role
Financial Support Reduces Project Costs
Investment incentives reduce the financial burden on companies during expansion and new project development.
These incentives generally include:
- Capital subsidy
- SGST reimbursement
- Stamp duty exemption
- Interest subsidy
- Infrastructure support
As a result, companies can invest more in technology, production capacity, and employment generation.
UP Targets a $1 Trillion Economy
Industrial Investment Remains a Priority
The Uttar Pradesh government has identified industrialisation as a major pillar of its economic strategy.
The state continues to attract investments through:
- Investor-friendly policies
- Better infrastructure
- Expressways
- Dedicated industrial parks
- Logistics hubs
- Skilled workforce
- Transparent governance
Following the success of the Uttar Pradesh Global Investors Summit, thousands of investment proposals are moving toward implementation, strengthening the state’s manufacturing ecosystem.
Recent Incentive Approvals Reflect Strong Policy Support
Government Continues Backing Industries
The latest approval follows several other incentive packages sanctioned by the Uttar Pradesh government in recent months. Similar approvals have supported companies in electronics, beverages, paper manufacturing, and other sectors, highlighting the state’s continued focus on industrial growth and employment generation.
The approval of ₹46.79 crore for four companies under the UP Investment Promotion Policy 2020 reflects Uttar Pradesh’s continued commitment to creating a business-friendly ecosystem. By offering timely financial incentives and simplifying investment procedures, the government is encouraging industrial expansion, attracting new investments, and supporting employment across the state.
As Uttar Pradesh advances toward its goal of becoming a $1 trillion economy, such policy-driven initiatives are expected to strengthen manufacturing, improve investor confidence, and accelerate sustainable economic growth.
