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Time of India
a day ago
- Business
- Time of India
Four companies to get 190 crore incentives
Lucknow: In a move to boost investor confidence, the Uttar Pradesh govt has approved the disbursal of around Rs 190 crore as financial incentives to four major companies, including global electronics giant Samsung India Electronics Private Limited, under UP Industrial Investment and Employment Promotion Policy. The decision was formally approved by state industrial development minister Nand Gopal Gupta 'Nandi', following a proposal submitted by the department of industrial development. "The incentives are aimed at supporting large-scale investments, encouraging industrial expansion, and generating employment across the state," he said. Sharing details, he said, "Samsung India Electronics Private Limited, Noida, will receive the largest share, Rs 124.5 crore, as its Noida facility plays a critical role in Samsung's global supply chain, manufacturing over 25% of the company's smartphones sold worldwide. This solidifies Noida's status as India's mobile manufacturing hub." "Likewise, Varun Beverages Limited, which operates a major PepsiCo bottling plant in Sandila, Hardoi, has been allotted Rs 42 crore to support beverage production and distribution across northern India. LG Electronics India Pvt Ltd will receive Rs 20.49 crore to aid expansion and job creation within UP's growing electronics manufacturing Paswara Papers Ltd, Meerut, has been allocated Rs 2.57 crore to facilitate green technology upgrades and enhance paper manufacturing capacity," he said. "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," Nandi added.
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Business Standard
12-06-2025
- Business
- Business Standard
Amber to invest ₹6K cr in Noida plant for electronics, appliances
Amber Enterprises is set to invest ₹6,000 crore in a major electronics manufacturing plant near the upcoming Noida International Airport at Jewar. This development was confirmed by Uttar Pradesh's Industrial Development Minister, Nand Gopal Gupta. According to the minister, he met with Amber Enterprises' promoter, Jasbir Singh, in Lucknow recently to discuss the project. The company intends to set up manufacturing units for printed circuit board (PCB) assembly, home appliances and consumer electronics as part of this large-scale initiative. 'This ₹6,000 crore investment will open new avenues of growth and prosperity in the state,' said Gupta, calling the project a key step in Uttar Pradesh's ongoing industrial progress. The Yamuna Expressway Industrial Development Authority (YEIDA) has already issued a Letter of Intent (LoI) for 100 acres of land located in Sector 8, Noida, where the plant will be built. The site is situated close to the Noida International Airport, along the Yamuna Expressway. Government support and future opportunities Minister Gupta highlighted that under Chief Minister Yogi Adityanath's leadership, the state is actively working to attract new investments. 'This (latest investment) will not only accelerate the state's overall development but also create new employment opportunities for the youth,' he said. Amber Enterprises is a well-known manufacturer of air conditioners and related electronics. The planned facility is expected to play a significant role in strengthening the region's electronics and white goods manufacturing ecosystem. Amber Enterprises India Q4 FY25 net profit jumps 22.60 per cent Amber Enterprises India has reported a 22.60 per cent year-on-year rise in consolidated net profit, reaching ₹116.07 crore for the quarter ended March 2025. This is an increase from ₹94.67 crore in the same quarter of the previous year. The company also saw a significant rise in revenue, with sales growing 33.80 per cent to ₹3,753.70 crore, compared to ₹2,805.46 crore in the March 2024 quarter.
Hindustan Times
07-06-2025
- Business
- Hindustan Times
Performance under review, Udyami Mitras to be held accountable
Udyami Mitras in Uttar Pradesh will now be held accountable for the tasks assigned to them, with their performance under review. Alongside them, the work of deputy commissioners of the District Industries Promotion and Entrepreneurship Development Centres (DICs) is also being assessed. Tasked with assisting investors in bringing their investment to the production stage by acting as a bridge between the district administration and entrepreneurs, the state government has appointed 115 Udyami Mitras in all 75 districts and key industrial development authorities. Three Udyami Mitras are reporting at the Invest UP's office in the state capital for review of their work everyday. This exercise which began on June 2 will continue till July 8. Udyami Mitras have to connect investors with district magistrates, industrial authorities and officials concerned to ensure that the MOUs and investment proposals get rolling. 'Udyami Mitras have to ensure investors do not have to run from pillar to post to get various clearances for their projects. They have to assist investors in acquiring land, power connection, water supply and all other necessary approvals and ensure timely execution of projects,' Invest UP officials said. The Invest UP has invited deputy commissioners of DICs and Udyami Mitras from across the state to present district-wise progress reports at its office in the state capital. Representatives from three districts are making presentations in a standardised format on a daily basis. 'These presentations cover key areas, including the current status of land inventories and sick industrial units, progress made in investment facilitation and project execution, challenges faced on digital platforms such as Nivesh Mitra, and data-driven insights along with proposed action plans for further improvement,' according to Invest UP officials. Each Udyami Mitra and DIC will support 180 units by assessing their current status and identifying key areas for assistance, including land availability and necessary NOCs, to facilitate commercial production. Before this exercise began on June 2, teams from Invest UP, including general managers and assistant general managers, along with respective Udyami Mitras, conducted visits to 14 districts across four divisions from May 26 to 30. District teams have also been directed to get available land parcels listed and mapped, while also identifying and repurposing sick unit land for industrial use. To ensure continuous progress, follow-up review meetings will be held every three months. 'Udyami Mitras have been made accountable for the task assigned to them. Their work is being reviewed. They have been assigned projects (investment proposals/MOUs) and will have to ensure their commercial rollout,' state industrial development minister Nand Gopal Gupta 'Nandi', said. 'This step has been taken to fix accountability for every Udyami Mitra and to ensure that each project reaches production stage,' the minister added. With this initiative, Invest UP continues to drive district-level project execution, seamless investor engagement, and timely onboarding of projects for the upcoming Ground-Breaking Ceremony (GBC), officials said.
Mint
29-05-2025
- Business
- Mint
Leveraging cultural connections, Centre, UP push for ‘Buddha rice' exports to Thailand , Vietnam
New Delhi: The Uttar Pradesh government, in consultation with the commerce ministry, plans to promote the export of Kalanamak rice—also known as 'Buddha rice'— to countries with majority or large Buddhist populations. The traditional aromatic variety, known for its nutritional richness and growing global demand, will be sold in Thailand, Vietnam, Sri Lanka, Japan, Singapore and Nepal, among others, said UP's minister of industrial development, export promotion, NRI, and investment promotion, Nand Gopal Gupta 'Nandi' in an interview. Special export quota The plan is to leverage the rice's historical association with these countries. While rice exports from India were restricted last year, the central government has allowed a special quota of up to 1,000 tonnes for Kalanamak rice. Read more: India to revamp rice cultivation technique to save water, cut labour costs, reduce methane emissions Over 500 tonnes of the rice have been exported to Singapore, Nepal and other countries since the April 2024-waiver, the minister said. The rice is sought after in countries with Buddhist populations. India's exports of Basmati and non-Basmati rice stood at $11.14 billion in FY23 but declined to $10.42 billion in FY24 due to export restrictions. However, following the lifting of the ban on all types of rice in October 2024, exports surged to $12.47 billion in FY25, commerce ministry data showed. UP is formulating a new export policy aimed at tripling shipments to over ₹5 trillion in the next five years by tapping into new markets and diversifying its product base. The draft policy for 2025–30 is currently under review and is expected to be approved soon. The new policy will focus on increasing exports from the current level of ₹1.7 trillion recorded in 2023–24 to three times that amount by 2030. To achieve this, the state government is planning a series of measures, including subsidies and other incentives. 'There is strong demand for this unique variety of rice, both in India and abroad. To meet this growing interest, we are working to increase its production and bring more area under cultivation by focusing on research and seed development. As part of this effort, a Kalanamak Rice Research Centre is being set up in Siddharthnagar district of Uttar Pradesh in collaboration with the International Rice Research Institute (IRRI)," said Nandi. Kalanamak rice is a traditional, non-basmati aromatic rice grown in eastern Uttar Pradesh, particularly in Siddharthnagar, where it has been designated as an ODOP (one district one product) item. Besides, it is also cultivated in parts of Maharajganj, Gorakhpur, Deoria, Basti, Sant Kabir Nagar, Gonda, Balrampur, Bahraich, Sravasti and Kushinagar and has a Geographical Indication (GI) tag, marking out its exclusivity. The ministry of commerce's APEDA (Agricultural and Processed Food Products Export Development Authority) promotes several GI-tagged agricultural products for exports, including Basmati rice from Haryana, Punjab, Uttarakhand, Himachal Pradesh and Delhi; Darjeeling tea from West Bengal; and Alphonso mango from Maharashtra. Known for its distinct black husk, fragrance and high iron content, Kalanamak rice was cultivated over 82,000 hectares across 11 districts in 2024. It is estimated that this will increase to 100,000 hectares this year, the minister said. 'Kalanamak rice is a nutritional powerhouse. It is rich in iron and antioxidants, has a low glycemic index, and is naturally gluten-free, making it a healthy dietary choice, especially for diabetics and those seeking a balanced, nutrient-rich alternative to polished white rice," said Dr Monashish Sahu, an endocrinologist based in New Delhi. Read more: India eyes bumper basmati crop as short-duration variety acreage set to rise 10% The global 'fragrant and long grain' rice market is projected to grow from $30 billion in 2023 to $45 billion by 2032, at a compound annual growth rate (CAGR) of 4.5%, as per DataIntelo, a market research company. A Common Facility Centre (CFC) named Shivansh Siddharthnagar Agriculture Development Producer Company Ltd has been established under the ODOP initiative, with 80% government funding, to promote Kalanamak rice. It provides facilities for grading, packing, and other post-harvest processing to enhance export readiness.
Time of India
28-04-2025
- Politics
- Time of India
Govt distributes over 1K tablets to students
Prayagraj : Empowering youths the tech way, the Uttar Pradesh govt on Monday distributed over 1,000 tablets to students as part of its flagship Swami Vivekanand Youth Empowerment Scheme The distribution ceremony was organised at United Group of Institutions (UGI), Naini , under the joint aegis of UGI and Government ITI, Naini. After distributing the tablets to the students of engineering and pharmacy of UGI and Government ITI, Naini, Prayagraj, cabinet minister Nand Gopal Gupta 'Nandi' said that youth is the future of the country and therefore they must be technically sound. He also appealed to the students to use the device in their growth by keeping themselves updated with the latest information. A total of 1,115 tablets were distributed during the function, informed Amrit Lal Gupta, in-charge of tablet/smartphone distribution, Government ITI, Naini. Among those present on the occasion were ADM (civil supply), Prayagraj Vijay Kumar Sharma, principal of Government ITI, Naini, AK Yadav, and others.
