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Uttar Pradesh Excise Department holds investor summit
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....ttar Pradesh Excise Department holds investor summit<BR>PTI News<BR>Dated:- 8-7-2025<BR>PTI<BR>Lucknow, Jul 8 (PTI) In a bid to attract fresh investments and expedite capital infusion in existing projects, the Excise Department of Uttar Pradesh will organise an "Excise Investors Summit" in Lucknow on Wednesday, the state's excise and prohibition minister Nitin Agrawal said on Tuesday. "The aim o....
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....f the 'Excise Investors Summit' as conceived by the department is to attract fresh investments and to expedite the process of investment in existing projects and remove the bottlenecks (if any), Agrawal told reporters. Through the event, the excise department also aims to act as a bridge between investors and Invest UP -- an investment promotion and facilitation agency powered by the UP governme....
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....nt, he said. Agrawal further said in the past few years, through Invest UP, as many as 142 proposals were received for establishing alcohol-based industries in the state. Also, 135 memorandum of understandings (MoUs) were signed. In these 135 MoUs involved an investment of Rs 39,479.39 crore and creation of 73,524 employment opportunities. Out of the 135 agreements, after purchase of land by 4....
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....6 investors, the relevant documents were made available on the Invest UP portal in cases of those projects that are ready for ground-breaking ceremony (GBC), he said, adding an investment of Rs 7,888.73 crore is being made in these 46 GBC-ready projects. Out of these 46 projects, 19 units are established and operational. An investment of Rs 2,339.6 crore has been made by them, and 2,316 persons ....
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....have been employed. A total of 27 units are under establishment. "An additional investment of more than Rs 3,000 crore has also been received in the previously operated units of the Excise Department. Thus, an investment of Rs 10,888.73 crore is being made in the state," Agrawal said. The minister also said that in the past eight years, the excise department has increased its revenue by over 3....
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.....7 times from Rs 14,273 crore in 2016-17 to Rs 52,573.07 crore in 2024-25. Agrawal also said that the Excise Department contributes to 24.75 per cent of the total revenue of the state. Nearly 99 per cent of the revenue earned by the department is utilised in development and welfare schemes of the state. He also informed that in the first quarter of 2025-26, the department's performance has bee....
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....n phenomenal, as it achieved 98.81 per cent of the revenue target of Rs 14,400 crore. Responding to a question about liquor shops on the Kanwar Yatra route in Haridwar being covered, so that the religious sentiments of the pilgrims are not hurt, and whether similar plans have also been made for UP, Agrawal said that the respective district magistrates (DMs) can take decisions at their level. PTI....
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