UP panel recommends Rs 224.47 crore incentive for Pakka's Jagriti project

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AI summary

Pakka applied on 23 July 2025 for Rs 224.47 crore of fiscal incentives under Uttar Pradesh's 2022 industrial investment and employment policy for the Jagriti Project. The Invest UP Evaluation Committee has approved and recommended the incentives to the state government. Final Cabinet approval is still needed. The benefit would apply for 15 years from commercial production.

Likely market impact

Positive if approved, as the incentive could support Jagriti Project returns. However, Cabinet approval is pending and benefits depend on qualifying investment.