Uttar Pradesh to fast-track LOC issuance for Rs 590 crore investment proposals

A high-level committee of the Uttar Pradesh government has decided to fast-track the issuance of Letters of Comfort (LOC) to investors as part of efforts to strengthen the state’s manufacturing ecosystem, an official statement said on Wednesday.

The 13th meeting of the Empowered Committee (EC), chaired by Infrastructure and Industrial Development Commissioner Deepak Kumar, reviewed five project applications submitted through the Online Incentive Management System (OIMS) portal under the Uttar Pradesh Industrial Investment & Employment Promotion Policy-2022.

The applications, recommended by the Evaluation Committee, sought approval for LOC issuance for large industrial projects planned across districts including Kanpur Nagar, Hathras, Amethi, Bahraich and Prayagraj. These projects involve proposed investments totalling Rs 590.30 crore.

According to the statement, the proposals span sectors such as poultry feed, detergents, TMT bars and ethanol. The investors have applied for incentives including SGST subsidy, capital subsidy and Net SGST reimbursement.

The committee examined each proposal to ensure alignment with the state’s objective of promoting large-scale industrial investment and employment generation. The EC has recommended the applications for sanction of LOCs.

The meeting underlined the state government’s focus on creating a transparent and industry-friendly environment through policy support, digital processes and targeted incentives.

Invest UP reiterated its commitment to facilitating investor requirements and ensuring timely processing of incentive applications to support industrial expansion, job creation and infrastructure development across the state.