“Uttar Pradesh government approves Foreign Direct Investment policy,offers several incentives”, Organiser, November 1, 2023:
“Finance Minister Suresh Khanna highlighted the relatively low foreign investment in Uttar Pradesh through FDI, amounting to just Rs 9,435 crore, considerably less than other states. As a response to to this, the FDI policy has been introduced to attract more FDI.
The new policy of the UP government will also allow area-specific exemptions in stamp duty and registration fees in line with the Uttar Pradesh Industrial Investment and Employment Promotion Policy-2022. Additionally, a 100 percent exemption in electricity duty will be granted for a period of five years.
Under this scheme, the Uttar Pradesh government will reimburse the training costs of a maximum of 500 individuals, up to Rs. 25,000 per person per month, over a span of five years. The government is allocating Rs. 15 crore for this initiative……”
Read the full article at Organizer.org
