Uttar Pradesh Cabinet Clears Investment Proposals And Selects Preferred Bidder For Textile Park

LUCKNOW — The Uttar Pradesh Cabinet on Tuesday cleared letters of comfort for six investment proposals totaling ₹3,635.45 crore, alongside approving Ramki Infrastructure Limited as the preferred bidder to develop the PM MITRA Park.

Chief minister Yogi Adityanath presided over the cabinet meeting, which advanced major industrial, agricultural, and administrative decisions. The investments include ₹1,925.61 crore recommended by an empowered committee under the FDI, Foreign Global 500 and Fortune India 500 Investment Promotion Policy for Haier Appliances India Private Limited (₹1,271 crore) and Ecavo Hospitality Private Limited (₹654.61 crore).

Additionally, the cabinet cleared ₹1,709.84 crore under the UP Global Capability Centre Policy 2024 for four companies: Havells India Limited (₹879 crore), Ameriprise India LLP (₹112.84 crore), MetLife Global Operations Support Centre Private Limited (₹84 crore), and LG Soft (₹634 crore).

The cabinet selected Ramki Infrastructure Limited to develop the Prime Minister Mega Integrated Textile Region and Apparel (PM MITRA) Park. The 1,000-acre project will be built along the Lucknow-Hardoi road under a public-private partnership model on a design, build, finance, operate, and transfer basis, with an estimated cost of ₹1,947 crore. Land will be leased at a nominal rent of ₹1 per acre for 99 years, featuring a 50-year concession period that includes a five-year construction window.

In a push for agricultural development, the cabinet approved the establishment of a State Livestock Mission aimed at generating employment, promoting dairy growth, and doubling farmers’ income. Animal husbandry minister Dharampal Singh stated that the state aims to achieve a milk yield of at least 10 litres per cow through artificial insemination, while offering farmers a subsidy of ₹40,000 per cow for up to two cows, alongside insurance coverage.

Further administrative approvals included an amendment to the Indian Stamps Act to facilitate corporate mergers and demergers subject to Union government approval, a terminology clarification under the UP Panchayat Raj Act, and the free allotment of 7,912 square metres of land in Prayagraj for an auditorium and working women’s hostel.