Fujiyama Power Systems Ltd. Secures Rs. 8.21 Crore Incentive Agreement in Uttar Pradesh
Fujiyama Power Systems Limited, formerly Fujiyama Power Systems Private Limited, announced today an agreement with UP Electronic Corporation Limited (UPLC), a subsidiary of the Government of Uttar Pradesh, for an incentive disbursement of approximately Rs. 8.21 Crores. The incentives are granted under the UP Electronic Manufacturing Policy, 2020 (1st Amendment-2022).The agreement pertains to the Phase-I implementation at the company’s Dadri Plant in Uttar Pradesh. The incentives are structured as follows:ParticularsAmount (in Rs.)CriteriaCapital Subsidy7,50,00,000Disbursable in five equal yearly installmentsInterest Subsidy29,61,664@5%...