The Uttar Pradesh Cabinet met in the Maha Kumbh Mela area on Wednesday following which Chief Minister Yogi Adityanath announced several key decisions on development projects and policy changes aimed at boosting the state's growth.
Addressing the media, the CM highlighted the wide range of topics discussed at the meeting, including the development of Uttar Pradesh, policy matters, and specific issues related to Prayagraj.
One of the major announcements was related to the state's aerospace and defense policies. The CM said the aerospace and defense policy, initially implemented in 2018, has completed five years and will now be revamped.
"The revised policy will include new incentives to attract large investments into the sector," Adityanath announced.
The cabinet also discussed the distribution of incentives under the Foreign Direct Investment (FDI) and Fortune 500 investments made in Uttar Pradesh.
"New investment proposals were presented, and Letters of Intent (LOIs) will be issue