Lucknow, Dec. 23 -- The Uttar Pradesh cabinet on Monday approved a proposal to issue Letters of Comfort (LoCs) for 12 new investment proposals of Rs.16,000 crore in the state.

Chief minister Yogi Adityanath presided over the meeting of the state cabinet that gave the nod to a total of 25 proposals, including the one to set up Kashi Vindhya Kshetriya Vikas Pradhikaran (Development Authority) to oversee development of Kashi Vindhya region.

A senior officer said the 12 new investment proposals include ultra mega projects (involving investment of Rs.3000 crore and above), super mega projects (involving investment of Rs.500 to Rs.3000 crore) and mega projects (involving investment of up to Rs.500 crore). According to a press release, SNL Ren...