Latest news with #InvestUP
Hindustan Times
2 days ago
- Business
- Hindustan Times
First-of-its-kind SAF production policy on the anvil in U.P.
The Yogi Adityanath government will soon come up with the Uttar Pradesh Sustainable Aviation Fuel (SAF) Manufacturing Promotion Policy-2025 -- poised to be the first of its kind in the country, officials said. Chief secretary Manoj Kumar Singh on Sunday apprised industry leaders and investors about the policy at an event hosted by Invest UP. Singh outlined the proposed incentives, facilitation mechanisms, and state's unique advantages as a production hub. A key highlight was the policy's potential to benefit the state's farming community. The SAF industry's demand for biomass and grain-based feedstock, such as sugarcane bagasse, rice husk, wheat straw, and surplus grains, will create new market opportunities for farmers, said Singh. 'This policy not only accelerates our green energy transition but also ensures our farmers directly gain from it, putting more money into their hands while building a greener future,' Singh said. A detailed presentation by Invest UP showcased the SAF vision in state followed by an interactive dialogue with industry leaders. On the occasion, Invest UP addressed key topics such as land availability, policy design, and ease of doing business. More than 18 companies expressed interest in establishing SAF units in the state. Collectively, these firms proposed investment intentions exceeding ₹3,000 crore. With India's largest network of air, rail, and road infrastructure, including five international airports, Uttar Pradesh offers seamless logistics and market connectivity, Singh said. Earlier, Invest UP had floated an Expression of Interest (EOI) inviting global SAF technology providers and clean energy innovators to join the ecosystem. Invest UP CEO Vijay Kiran Anand and senior officials from various departments were present on the occasion.
Time of India
2 days ago
- Business
- Time of India
Udyami Mitras helping UP achieve 1$ trillion economy goal, says Yogi
Lucknow: Emphasising on the importance of the 'Udyami Mitras', an arm of the industries department who act as the primary face to generate investments in the state, Yogi Adityanath said that acting as the backbone, they are helping the state to achieve the USD 1 trillion economy goal. Revealing more details, a senior officer from the industries department said that Havells is investing Rs 879 crore to establish a research and development centre in Noida, set to become operational by 2026 — an achievement made possible through timely support from Udyami Mitras in resolving process-related challenges. Similarly, the Sharda Group's Rs 600 crore health city in Agra is progressing smoothly, aided by prompt regulatory approvals facilitated by the dedicated professionals. In Prayagraj, JK Cement's Rs 400 crore project faced issues related to land mutation and road connectivity has been facilitated. In the case of Indraprastha Gas Limited (IGL) project in Fatehpur, a delay in setting up an 11 KVa powerline was also resolved. Under Invest UP, the independent team of Udyami Mitras accurately updated data pertaining to fourth edition of the groundbreaking ceremony and are actively looking for investors willing to participate and invest in the fifth edition. Regular meetings are held with investors through the Udyog Bandhu platform to maintain communication. The team also completed tasks like industry pilot surveys, EV station surveys and land site visits within the deadlines.
India.com
6 days ago
- Business
- India.com
This Indian company plans Rs 28,440 crore semiconductor project in Noida, not Mukesh Ambani's Reliance, Ratan Tata's TCS, Narayana Murthy's Infosys, Wipro, the name is….
This Indian company is launching a Rs 28,440 crore semiconductor project in Noida, and it's not Mukesh Ambani's Reliance, Ratan Tata's TCS, Narayana Murthy's Infosys, or Wipro. The name is… The Hiranandani Group, a vanguard in the realm of real estate, has announced a Rs 28,440 crore semiconductor project in Noida, as part of a larger Rs 69,000 crore investment commitment revealed during the Invest UP roundtable. Mumbai's Jio World Convention Centre hosted the Invest UP roundtable on May 27. According to the MoneyControl report, Sindoor Mittal, Vice Chairman of Avaada Group, announced a Rs 20,000 crore investment in the solar energy sector. Meanwhile, UltraTech Cement's Managing Director, KC Jhanwar, committed Rs 1,981 crore for projects across Aligarh, Shahjahanpur, and Tanda. The meeting was chaired by Chief Secretary Manoj Kumar Singh, with CEO of Invest UP Vijay Kiran Anand moderating the session. The event saw participation from several prominent industry leaders. Invest UP, the state government's newly established investment promotion and facilitation agency, shared photos of the roundtable meeting on X (previously Twitter). Today, a high-impact Investor Roundtable was organised at the prestigious JIO World Convention Center, Mumbai. The session was chaired by Shri Manoj Kumar Singh, Chief Secretary, Government of Uttar Pradesh, and moderated by Shri Vijay Kiran Anand, CEO, Invest UP. The event… — INVEST UP (@_InvestUP) May 27, 2025 Sharing a post on X(formerly Twitter), Invest UP wrote, 'Today, a high-impact Investor Roundtable was organised at the prestigious JIO World Convention Center, Mumbai. The session was chaired by Shri Manoj Kumar Singh, Chief Secretary, Government of Uttar Pradesh, and moderated by Shri Vijay Kiran Anand, CEO, Invest UP. The event witnessed enthusiastic participation from industry leaders who appreciated Uttar Pradesh's investor-friendly environment, progressive policies, and efficient single-window clearances. From data centers and cement plants to renewable energy and semiconductors, companies shared success stories and outlined major future investments in the state. The discussions reflected growing industry confidence and reinforced UP's position as a leading destination for business and growth.' According to the official website of Invest UP, Invest UP is an investment promotion and facilitation agency powered by the state government of UP. Participate and invest in your desired sectors. With more than 20 sectoral policies along with skilled workers, you will get an opportunity to Establish your business in UP. Sanjay Banga, CEO of Tata Power Renewable Energy, announced plans to establish two 800 MW ultra-supercritical power units in Bundelkhand, with a total investment of Rs 13,700 crore.
Indian Express
7 days ago
- Business
- Indian Express
At Invest UP's Mumbai meet, industries announce investments worth crores
Invest UP on Tuesday organised a investor roundtable in Mumbai in which several prominent industrial groups announced investment proposals worth thousand of crores, the state government said. The event at the Jio World Convention Centre was attended by leading industrialists of the country, it added. The meeting was chaired by UP Chief Secretary Manoj Kumar Singh and conducted by Invest UP Chief Executive Officer (CEO) Vijay Kiran Anand. At the event, Balrampur Chini Mills signed a memorandum of understanding (MoU) with the state to set up a 250 TPD polylactic acid plant in Lakhimpur Kheri district. The agreement marks a investment of Rs 2,850 crore and is expected to generate 225 new employment opportunities in the state, the government said. The project is set to commence operations this month, it was stated. Balrampur Chini Mills chairman and managing director Vivek Saraogi expressed confidence in collaboration with the state government, saying, 'We aim to drive innovation in bioplastics and contribute to a greener future.' Also, Hiranandani Group chairman Niranjan Hiranandani said Yotta Data Services has established a 30 MW data centre in just 18 months, and this capacity will now be doubled. He also announced a semiconductor chip manufacturing project worth Rs 28,440 crore in Noida. Sindoor Mittal, vice president of Avaada Group, attributed the start of 1.5 GW solar module unit in 4 months to the government. He also announced an additional investment of Rs 20,000 crore. UltraTech Cement MD KC Jhawar, who shared expansion plans for Aligarh, Shahjahanpur, and Tanda, with an investment of Rs 1,981 crore, appreciated the state government's integrated approval process. Tata Power Renewable Energy Limited CEO Sanjay Banga spoke about renewable energy projects in Bundelkhand and plans to set up two 800 MW ultra-supercritical power units with an investment of ?13,700 crore. Rajiv Ranjan Singh of EN Communication proposed to build the Mahabharata Museum in the Yamuna Expressway area at a cost of Rs 1,500 crore.
Time of India
7 days ago
- Business
- Time of India
Balrampur Chini Mills to set up plant in Kheri
Lucknow: The Balrampur Chini Mills Limited signed an MOU with the UP govt during the Invest UP round table conference in Mumbai on Tuesday. The company pledged to establish a 250 TPD polylactic acid (PLA) plant at Kumbhi Chini Mills in Lakhimpur Kheri. "The agreement marks a significant investment of Rs 2,850 crore and is expected to generate 225 new employment opportunities in the state," an official spokesperson said. The MoU was exchanged between Vijay Kiran Anand, CEO of Invest UP and Avantika Saroagi, executive director of Balrampur Chini Mills Limited, in the presence of chief secretary Manoj Kumar Singh and Vivek Saroagi, chairman of Balrampur Chini Mills. The CS said: "UP continues to lead the way in sustainable industrial growth. This landmark investment by Balrampur Chini Mills not only strengthens our commitment to green technology but also reinforces our position as India's preferred investment destination." Saraogi said, "We aim to drive innovation in bioplastics and contribute to a greener future." Anand said project aligns with the state's vision to position UP as a preferred investment destination and achieve $ 1 trillion economy through sustainable industrial development.
