The Yogi Adityanath-led government has made a strategic move to attract foreign investment in Uttar Pradesh by amending the Foreign Direct Investment (FDI) policy. During a cabinet meeting on Monday at Lok Bhavan, the state approved changes to the Incentive Policy 2023, aiming to facilitate investment from FDI sources and Fortune 500 companies. This policy update provides significant flexibility for foreign investors by allowing investments through various funding channels beyond equity.
Finance and Parliamentary Affairs Minister Suresh Khanna explained the amendment. Now, companies can qualify under the policy with a minimum investment of Rs 100 crore, even if only 10 percent of the capital is from equity. The remaining investment can come from other funding options, including loans or structured financial instruments.
Also Read: Delhi High Court Orders ASI Survey Of Jama Masjid Amid Protection Petition
The updated policy includes foreign capital investments via preference shares, debentures, external commercial borrowings, and other debt securities. Under the new guidelines, foreign investors can access benefits for investments meeting the Rs 100 crore requirement, regardless of the funding structure.
This move aligns with the Yogi government’s goal to increase foreign investment in UP, aiming to make the state a more attractive destination for international capital and business growth.
The much-anticipated 5th match of the ICC Champions Trophy 2025 is underway today between India…
India’s domestic air passenger traffic rises 14.5% YoY in January 2025, with international traffic showing…
Cricket fans are eagerly anticipating one of the most exciting clashes of the ICC Champions…
India has been honored with the Prince Michael Decade of Action Road Safety Award for…
Schneider Electric announces plans to establish three new manufacturing plants in India, bolstering its presence…
Union Power Minister Manohar Lal Khattar announces a significant rise in electricity supply in rural…