Lucknow: State cabinet has approved Rs 566.77 crore in SGST reimbursement and related incentives for industrial units to support cash flow, boost investor confidence and accelerate industrial growth.Industrial development minister Nand Gopal Gupta ‘Nandi’ said: “The decision reflects govt’s focus on timely incentives and a stronger industrial ecosystem.” He said that under the UP Rapid Investment Promotion Policy 2020, Ankur Udyog Limited will get Rs 54.93 crore and Gallant Industries Private Limited Rs 7.70 crore. Gallant Ispat Limited in Gorakhpur is the biggest beneficiary, with reimbursement of over Rs 244 crore under multiple schemes, including mega project and industrial promotion incentives.Likewise, Paswara Papers Limited will receive Rs 1.08 crore, while UltraTech Cement Limited in Sonbhadra will get Rs 9.37 crore. Then, Under the UP FDI and FCI Policy 2023, International Tractors Limited in Unnao has been approved Rs 191.90 crore as front-end land subsidy reimbursement and Vision Source LLP will receive Rs 65.07 crore.
