Uttar Pradesh Boosts Investor Confidence with ₹190 Crore Incentives for Major Companies
Samsung, LG, Varun Beverages, and Paswara Papers to get ₹190 crore as Uttar Pradesh incentives drive industrial growth and job creation.
Lucknow | 29, June 2025 : The Uttar Pradesh government has taken a significant step to strengthen investor trust and accelerate industrial growth by approving financial incentives worth ₹190 crore for four major companies. This move is a testament to the state’s commitment to becoming India’s top investment destination.
Why UP’s Industrial Push Matters
Under the UP Industrial Investment and Employment Promotion Policy, the state aims to attract large-scale investments, expand industrial operations, and create thousands of new jobs for the people of Uttar Pradesh.
What the Government Says
Nand Gopal Gupta ‘Nandi’ on the Initiative
State Industrial Development Minister Nand Gopal Gupta ‘Nandi’ highlighted that these incentives will encourage expansion, boost production capacity, and generate employment opportunities across the state.
“The incentives are aimed at supporting large-scale investments, encouraging industrial expansion, and generating employment across the state,” said Nandi.
Companies Benefiting from the Incentives
Samsung India Electronics – Noida’s Manufacturing Backbone
Samsung India Electronics Pvt Ltd, Noida, will receive the largest share of the incentives — ₹124.5 crore. The Noida facility is a critical link in Samsung’s global supply chain, producing over 25% of Samsung’s smartphones sold worldwide, solidifying Noida’s position as India’s leading mobile manufacturing hub.
Varun Beverages Limited – Expanding PepsiCo Bottling in UP
Varun Beverages Limited, which operates PepsiCo’s major bottling plant in Sandila, Hardoi, has been allotted ₹42 crore. This funding will support beverage production and distribution networks across northern India, boosting local employment and supply chains.
LG Electronics India Pvt Ltd – Strengthening UP’s Electronics Ecosystem
LG Electronics India Pvt Ltd will receive ₹20.49 crore to fuel its expansion and contribute to job creation in the state’s rapidly growing electronics manufacturing sector.
Paswara Papers Ltd, Meerut – Green Technology for Paper Production
Paswara Papers Ltd, Meerut, has been granted ₹2.57 crore. This investment will help the company upgrade to greener technology and expand its paper manufacturing capacity, supporting sustainable industrial development.
Before & After: How UP Transformed its Industrial Climate
From Industrial Exodus to Investor Magnet
Minister Nandi highlighted the dramatic shift:
“Before 2017, industries were fleeing UP. Now, under CM Yogi’s leadership, the state has become a preferred destination for global and domestic investors, thanks to policy stability, transparent governance, and investor-friendly incentives.”
The Bigger Picture: UP’s Economic Growth Strategy
This ₹190 crore boost reflects Uttar Pradesh’s larger vision of establishing itself as India’s manufacturing and investment powerhouse, supported by transparent policies, robust infrastructure, and a business-friendly environment.dIn caption for this article too?
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