The Uttar Pradesh Cabinet has cleared proposals to issue Letters of Comfort (LoCs) to six companies for their investment plans. The total estimated worth of these investments is 3,635.45 INR-Crore.
Chief Minister Yogi Adityanath cleared the recommendations of two empowered committees constituted under the state’s investment promotion policies. The first committee recommended investments worth an estimated 1,925.61 INR-Crore. These include an estimated 1,271 INR-Crore by Haier Appliances India Private Limited for expansion under the DMIC Integrated Township Greater Noida Limited. Additionally, Ecavo Hospitality Private Limited will invest 654.61 INR-Crore to set up a greenfield luxury hotel project in Prayagraj.
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The second committee recommended investment plans worth nearly 1,709.84 INR-Crore by four companies. Havells India Limited will invest approximately 879 INR-Crore and LG Soft plans to invest 634 INR-Crore. Meanwhile, Ameriprise India LLP has proposed to invest 112.84 INR-Crore. Additionally, MetLife Global Operations Support Center Private Limited will invest an estimated 84 INR-Crore.
Furthermore, the Uttar Pradesh investment plans include the selection of Ramky Infrastructure Limited as the preferred bidder to develop the Prime Minister Mega Integrated Textile Region and Apparel (PM MITRA) park. It will be developed on an anticipated 1,000 Acres along the Lucknow-Hardoi road. Meanwhile, the project will be developed under a Public-Private Partnership (PPP) model on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis. The estimated project cost is 1,947 INR-Crore.
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