The Uttar Pradesh cabinet, led by Chief Minister Yogi Adityanath, has approved a proposal to issue a letter of comfort to Haldiram Snacks Private Limited to set up a ready-to-eat plant in Gautam Buddh Nagar. This decision was made after a high-level empowered committee (HLEC) gave its nod to the proposal on February 25, 2025. Industry Minister Nand Gopal Gupta Nandi announced that the state cabinet has also approved incentives for six companies, including SLMG Beverages Private Limited, Silverton Pulp and Papers Private Limited, ACC Cement Limited, Wonder Cement Limited, and Moon Beverages.
The incentives approved by the cabinet include a total of ₹104.77 crore, with individual amounts ranging from ₹8.68 crore to ₹38.73 crore. Additionally, the cabinet has cancelled the letter of comfort issued to ACC Limited, Sonbhadra. The minister emphasized that these decisions demonstrate the government’s commitment to bringing investment proposals to fruition and providing incentives to the industry.
Furthermore, the cabinet has approved a proposal to grant benefits of ₹59 crore to ST Telemedia Global Data Centres India Private Limited under the UP Data Centre Policy 2021. This policy provides for reimbursement of the lowest power bills of two gridlines. Nandi stated that these decisions counter the opposition’s attacks and establish that the government is consistently bringing investment proposals to the ground and providing incentives to the industry.
The approval of these proposals is expected to promote industrial growth and employment in the state. The setting up of a ready-to-eat plant by Haldiram Snacks Private Limited in Gautam Buddh Nagar is likely to create new job opportunities and boost the local economy. The incentives provided to the six companies will also help to stimulate economic growth and encourage further investment in the state. Overall, the cabinet’s decisions aim to promote a favorable business environment and attract new investments to Uttar Pradesh.