Lucknow: On setting up ultra mega category projects of special importance in Uttar Pradesh, they will be given case to case specially customized package by the government. Its provision has been made in the Industrial Investment and Employment Promotion Policy 2022. Some amendments have been made in these provisions by the Department of Infrastructure and Industrial Development. Under this, instead of the nodal institution, a committee formed under the chairmanship of CEO Invest UP has been given the responsibility of examining such projects and recommending special packages. After the recommendation of this committee and the approval of the High Level Empowered Committee and the Cabinet, customized packages can be provided to such big projects.
Council of Ministers will give final approval to the recommendation
According to the amendment made in the policy, under the Industrial Investment and Employment Promotion Policy 2022, a specially customized package of incentives will be provided to ultramega category projects of special importance on a case to case basis by the state government as per the requirement. Can be considered to be provided in the form. Earlier provision was made under the policy that such applications would be submitted to the nodal institution and the applications should be reviewed in view of their need and special importance. For this, a settlement committee will be formed under the chairmanship of the Infrastructure and Industrial Development Commissioner, whose member secretary will be the CEO Invest UP.
However, now this provision (Industrial Investment and Employment Promotion Policy) has been amended. According to this, now the committee formed under the chairmanship of CEO Invest UP will examine the proposals received on the subject of special importance, ultra mega category. The committee will be able to make recommendations regarding eligibility for receiving special packages. After the recommendation of Invest UP, the department will examine and obtain the recommendation of the High Level Empowered Committee constituted under the policy. The approval of the Council of Ministers will be obtained on the basis of the recommendation of the Empowered Committee.
Amendments were also made in some other provisions
Apart from this, many important things have been adjusted in the old provisions. Like Additional Chief Secretary/Principal Secretary of Infrastructure and Industrial Development Department, Additional Chief Secretary/Principal Secretary of Finance Department, Additional Chief Secretary/Principal Secretary of Planning, Additional Chief Secretary/Principal Secretary of Commercial Tax Department, Additional Chief Secretary of MSME Department /Principal Secretary, MD of PICKUP, CEO of UPSIDA and other authorities as per requirement and members nominated by Infrastructure and Industrial Development Commissioner or CEO Invest UP will recommend to the Chief Minister for final approval for giving special package to such projects.
The nodal institution will issue an acknowledgment certificate to the applicant and the evaluation process will be implemented as per the provisions defined for mega category cases. All these provisions have been repealed. Apart from this, all the provisions made in the policy will continue as before.
