Latest news with #RajeshNigam
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Business Standard
05-05-2025
- Business
- Business Standard
Uttar Pradesh govt plans to tweak GCC policy to attract more FDIs
Amid the ongoing US-China tariff war and the propensity of multinational companies to explore alternative supply chains in Asia, the Uttar Pradesh government is mulling to tweak its global capability centre (GCC) policy to attract more foreign investment. The proposed UP GCC Policy 2025, already in the works, will provide incentives to global investors and consortiums to set up shops in the state. This policy aims at generating about 500,000 fresh job opportunities in the GCC domain in UP. According to sources, the proposed policy will provide 30-50 per cent front-end land subsidy, apart from 100 per cent stamp duty waiver for GCC investors. The land subsidy would be 30 per cent in Ghaziabad and Gautam Buddha Nagar (Noida region) districts, while it would be 40 per cent in the central region and the remaining western region districts. The applicable land subsidy would be maximum 50 per cent in the Purvanchal and Bundelkhand regions, a senior official said. The capital subsidy would be subject to a ceiling ranging from ₹10 crore to ₹25 crore, depending on different regions of GCCs. Rajesh Nigam, co-chair, PHD Chamber of Commerce & Industry, UP Chapter, said the state was striving to become a manufacturing and industrial powerhouse with an industry-friendly policy framework.
Time of India
03-05-2025
- Business
- Time of India
3-day expo to play up smart energy, solar power
Lucknow: The UP State Chapter PHDCCI, in association with UPNEDA, is organising Uttar Pradesh Energy Expo 2025 from May 8 to 10, at Indira Gandhi Pratishthan, Gomtinagar. The three-day exhibition will witness participation from over 150 exhibitors representing the renewable energy sector , who will display the latest innovations in solar power, smart energy grids, and electric mobility . The purpose of the event is to showcase UP's strengths in clean energy and bolster development, partnerships and investments in the sector. The expo is scheduled to feature high-profile conference sessions where industry experts, thought leaders and policymakers are expected to deliberate on emerging energy solutions, technological innovations, funding structures and sustainability practices. The exhibition is open to industry professionals, entrepreneurs, govt officials, members of academia and public, with free registration and entry for all attendees. UP State Chapter, PHDCCI, co-chair, Rajesh Nigam, said UPEX 2025 would play a vital role in the state's energy sector progress. He pointed out proactive steps taken by Central and state govts to promote solar energy and adoption of electric vehicles.
