Lucknow, 15 May (HS): In the meeting of the Council of
Ministers held in Lok Bhavan on Thursday under the chairmanship of Uttar
Pradesh Chief Minister Yogi Adityanath, the proposal to issue Letter of Comfort
was approved, approving half a dozen companies for investment at various places
in the state under the Uttar Pradesh Industrial Investment and Employment
Promotion Policy 2022. After which Letter of Comfort will be issued to all the
companies soon. With the start of projects of various companies, a large number
of youth will get employment.
Talking to reporters with Finance Minister Suresh Khanna after the meeting of
the Council of Ministers, Industrial Development Minister of Uttar Pradesh
Government Nand Gopal Gupta Nandi said that to establish Uttar Pradesh as a
competitive investment destination at national and international level, there
is a provision to provide exemptions, grants and financial facilities to the
units investing in the state by implementing the Uttar Pradesh Industrial
Investment and Employment Promotion Policy 2022. Under which Letter of Comfort
is provided to the companies.
Minister Nandi informed that in the meeting of the Council of Ministers on
Thursday, a proposal was made to issue Letter of Comfort to half a dozen
companies for investment at various places in the state, which was approved by
the Council of Ministers. These include JK Cement Limited Prayagraj worth
450.92 crores, Moon Beverages Limited Hapur worth 469.61 crores, Silverton Pulp
and Papers Private Limited Muzaffarnagar worth 403.88 crores, Globus Spirits
Limited Lakhimpur Kheri worth 399.74 crores, Chandpur Enterprises Limited
Bijnor worth 273.9 crores. Approval was given to change the name of the firm
mentioned in the previously issued LOC of Shri Cement North Private Limited.
A cement plant with a capacity of 20 lakh tonnes has been established at a cost
of Rs 380 crore from August 2024 in the plant established by JK Cement Limited
in Bara tehsil of Prayagraj, where production is going on. At the same time,
under the second phase, JK Cement Plant is going to launch a water-based paint
plant at a cost of Rs 71 crore. The preparations for which have almost been
completed. Production will start from the paint plant in the month of July or
August. Through which more than 150 people will get employment.
Moon Beverages Limited Hapur has started commercial production from 19 December
2023 with an actual investment of Rs 469.61 crore. After receiving the Letter
of Comfort, it will start getting exemptions, grants and financial facilities
of industrial investment and incentives.
The proposal of Silvston Pulp & Papers Pvt. Ltd. to complete Phase III by
30.09.2025 and Phase IV by 30.10.2027 with an investment of Rs. 30.93 crore in
Phase I & II was approved.
An investment proposal of Rs 399.74 crore in three phases for liquor, country
liquor grain-based distillery Madhyanchal by Globus Spirits Limited Lakhimpur
Kheri was approved. Under which the first phase investment has been made. The
second phase is to be completed by October 2025 and the third phase by
September 2027.
The first phase of a variety of paper production plant has been set up in
Bijnor with a proposed investment of Rs 273.9 crore by Chandpur Enterprises
Limited, Bijnor. The proposal for Letter of Comfort was approved for completion
of the second and third phases. At the same time, approval was given to change
the name of the firm mentioned in the LOC issued earlier to Shree Cement North.
Hindusthan Samachar / Abhishek Awasthi
