UP bioplastics policy backs ₹1,000 crore PLA anchor plant and packaging cluster in Lakhimpur Kheri
Uttar Pradesh’s Bio-plastic Industry Policy, 2024 offers an anchor biomass-based PLA pellet project and downstream units capital, interest, GST, power-duty and stamp-duty incentives—potentially strengthening domestic sustainable-packaging supply for consumer brands and retailers.
What happened
Government of Uttar Pradesh · Uttar Pradesh’s bioplastics policy offers major incentives for a Rs 1,000 crore biomass-based PLA pellet anchor plant and
Key facts
- Rs 1,000 crore minimum anchor investment
- 50% capital subsidy over seven years
- 5% interest subsidy for seven years
- 100% net State GST reimbursement for 10 years
- 100% electricity-duty exemption for 10 years
- Up to 200% of eligible capital investment in combined incentives over 10 years
- 100%/75%/50% stamp-duty exemptions by region
Why this matters
Brands, packaging converters and resin suppliers should assess partnerships or offtake agreements around the proposed Lakhimpur Kheri cluster before capacity and incentives are allocated.