UP FDI & Fortune 500 Investment Promotion Policy 2023: Complete Guide
What Is the Policy?
The UP FDI/FCI, Fortune Global 500 & Fortune India 500 Companies Investment Promotion Policy, 2023 is for foreign investors bringing foreign direct/capital investment into UP, and Fortune Global 500 and Fortune India 500 companies (including through Indian subsidiaries). It exists because the standard IIEPP grid can't match a globally competitive, negotiated package โ this policy gives large multinationals a single point of entry instead. It is administered by the Infrastructure & Industrial Development Department, with Invest UP as the facilitation agency.
What's on Offer
| Component | Detail |
|---|---|
| Bespoke package | Approved by SIPB (State Investment Promotion Board), not a fixed grid |
| Enhanced land subsidy | Typically richer than the standard IIEPP rate |
| Capital subsidy | Negotiated as part of the package |
| SGST reimbursement | Over an extended period compared to standard policies |
| Stamp duty & electricity duty relief | Typically full relief for qualifying projects |
Eligibility
- Foreign investors bringing FDI/FCI into Uttar Pradesh
- Fortune Global 500 and Fortune India 500 companies, including via their Indian subsidiaries
- Investor-status-based rather than sector-based โ the natural instrument for high-value projects that fall between sectoral policies
Can a Fortune 500 Company Also Claim a Sectoral Policy?
It must opt for one policy per incentive head โ it can't double-claim the same head under both this policy and a sectoral one. In practice, the FDI/Fortune policy is usually richer for very large projects, which is why most qualifying investors choose it over the sector-specific route.
How to Apply
- Refer the investor directly to Invest UP and request assignment of an Udyami Mitra โ this is not processed at the district level
- The package is approved by SIPB, chaired by the Chief Minister
- Confirm the current minimum investment threshold before beginning discussions
Frequently Asked Questions
Is there a fixed subsidy rate under this policy?
No โ the package is bespoke, negotiated and approved by SIPB case by case, rather than following a fixed published rate card like the sectoral policies.
What's the practical route for a district-level officer handling such an investor?
Don't attempt to process it at district level โ refer the investor directly to Invest UP and request assignment of an Udyami Mitra to handle the SIPB approval process.
Handling a large foreign or Fortune 500 investment enquiry?
ClaimDesk (A NorthStar Advisors brand, Noida) helps coordinate the Invest UP / SIPB process for large investors. The first conversation is completely free.
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Official portal: niveshmitra.up.gov.in Administered by: Infrastructure & Industrial Development Dept. / Invest UP Last reviewed: Aug 2026
This page summarizes publicly available scheme information. For the current official notification, application form and exact eligibility conditions, always confirm on the portal above before applying or filing a claim.