Foreign Investment: The Uttar Pradesh government has approved amendments to the Foreign Direct Investment (FDI) and Fortune-500 Companies Investment Incentive Policy-2023 to increase the flow of foreign investment in the state. Through this amendment, the state government has given great relief to foreign investors in the cabinet meeting held under the chairmanship of Chief Minister Yogi Adityanath in Lok Bhavan. Through this, now such foreign companies will also be able to invest in the state, which arranges funds from equity as well as debt or any other source.

FDI policy came on 1 November 2023

This decision of the state government is likely to increase foreign investment in the state. According to a statement, while giving information about the decisions of the Uttar Pradesh cabinet, Finance and Parliamentary Affairs Minister Suresh Khanna said that the FDI policy came on November 1, 2023. A slight amendment has been made to it. The minimum limit of investment for eligibility in the policy has been kept at Rs 100 crore. According to the definition of FDI given by the Reserve Bank of India (RBI), till now only investments made in equity are included in FDI.

Now this will happen.
In the amendments made in the policy, we have given it the form of foreign capital investment. He said that till now under FDI, the company had its own equity but most of the companies manage money from outside loans as well as other means to expand their business. We have permitted that as well. If a company has only 10 percent equity and it has arranged for 90 percent of the investment amount from other sources, then we will provide benefits to it as well.

He said that now this policy will be called Foreign Direct Investment, Foreign Capital Investment, and Fortune Global 500 and Fortune India 500 Investment Promotion Policy-2023. Preferred shares, debentures, external commercial borrowings, guarantee letters, and other debt securities have also been included for foreign companies investing in equity as foreign capital investment.