Construction

UP clears 6 mega projects with 11,000 jobs potential

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Akhilesh yadavThe Uttar Pradesh Cabinet has cleared various concessions and facilities to six mega projects in the state that would bring an investment worth Rs 3,166 crore and employment opportunities to over 11,000 people.

According to an official spokesman, the Cabinet headed by Chief Minister Akhilesh Yadav approved extending various facilities and concessions worth Rs 3,184 crore in seven to 10 years’ time under the infrastructure and industrial investment policy of 2012.

Proposals worth Rs 1,328 crore from LG Electronics India Limited, Rs 324 crore from M/s Sparsh Industries, Rs 272.79 crore from M/s Ashar Agro Limited, Rs 278.46 by Sukhbir Agro Energy in Shahjahanpur and another by the same firm for solar energy in Mahoba worth Rs 377.99 crore and Rs 585 crore by Benett Institute of Higher education had been received, he said.

Together these mega projects are worth Rs 3,166 crore and will create direct and indirect job opportunities for 11,645 people in the state.

As per the policy, a Chief Secretary led empowered committee was set up to deliberate on giving certain facilities to projects investing over Rs. 200 crores and it made some recommendations which were approved by the cabinet today, the spokesman said.

The Cabinet also recommended making another category of ‘super mega projects’ for units having an investment of Rs 1,000 crore and above and it was also approved by the Cabinet, he said adding that before this, letter of comforts had been issued to eight mega projects worth Rs 7,435 crore of which Rs 2,160 crore have already been invested and two of them have started production.

The cabinet also approved amendment in the existing policy to encourage setting up of theme parks and amusement parks and approved government guarantee for the Agra-Lucknow Expressway project to raise a loan of Rs 1,530 crore from the Housing and Urban Development Corporation (HUDCO), he said.

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