1564 factories to invest 16,523 crore in YEIDA, will change the direction of West Uttar Pradesh, Initiative of investors to set up industries in Yida, the picture of West Uttar Pradesh will change
yida becomes investor’s choice
- 1564 investors took industrial plots to set up units in yida
- 1564 factories will be set up by investing Rs 16,523.83 crore in yida
- Big investors took 3,908 industrial plots in four years to set up factories in UP
Big investors from home and abroad are now eager to set up their venture in Yamuna Expressway Industrial Development Authority (YIDA). Influenced by the policies prepared by Chief Minister Yogi Adityanath to promote investment in the state, the world’s biggest investors have focused on setting up their enterprise in Yeida. This is evidenced by the taking of industrial plots of 1564 big investors from home and abroad to set up their venture in Yeida in the last four years. With an investment of about Rs 16,523.83 crore, 2,60,413 people will get employment in the enterprises to be set up on these 1564 industrial plots. For the first time in the history of YIDA, an investment of Rs 16,523.83 crore is coming off the ground in just four years. Apart from this, many investors have shown interest in setting up their units here.
Jewar airport will have an impact
Now it is also being discussed that as soon as the construction work of Jewar airport gets expedited, the number of investors who set up their venture in Yeida will increase. Due to which YEEDA will leave behind other industrial development authorities in the state in terms of attracting the world’s biggest investors. This discussion started among big investors is not without reason. In the last four years, the way Chief Minister Yogi Adityanath prepared policies to promote industrial investment in different sectors, due to which a large number of domestic and foreign companies took the initiative to set up their units in the state. According to industrial development officials, 3,908 big investors have taken industrial plots to set up their units (factories) in UP, influenced by the policies of the government in the last four years. The factory will be set up on these 3,908 industrial plots with an investment of Rs 61,330.98 crore. Maximum 1564 factories are to be set up in Yida. After this 1035 units are to be set up in UPCIDA, 864 units in Noida Development Authority, 345 units in Greater Noida and 118 units in GIDA.
1564 big investors took plots
Out of the 1564 big investors who have taken industrial plots in Yeida, all the investors have started the construction work of setting up their units. A well-known company like Vivo has almost made its factory for manufacturing mobile phones in Sector 24 of Yida. Production will also start here in the next four to six months. Similarly, Yingtong Electronic Technology’s unit for manufacturing mobile phone accessories is almost ready in Sector 24.
Apart from this, many companies like Surya Global Flexi Pvt Ltd, Haldiram Snacks Pvt Ltd, Holistic India Kent RO, Orient Fashion Export, Bodycare International are setting up their units in Yeida. Here land has been allotted to dozens of big companies including Ishi Technology, Dev Pharmacy, Kwality Buildcon, Matend Limited, Raj Corporation, Galvano India Private Limited, Bikaner, Quadrant, Swastik Industries, Narsee Monji University. Apart from this, the first collector industry of the state has started here. Here Handicraft Park, Apparel Park, MSME Park and Toy City etc. are to be developed. YEIDA is now scaling many heights in its journey of twenty years due to the units being set up by reputed companies.
Growth gained momentum in Yeida
Industrial development in Yeida has also gained momentum due to the construction of Jewar Airport. Work is going on here on many big projects including Film City, Raya Heritage City, Tappal Logistic Hub. It is claimed that these projects will be started by 2023-24. With their completion, Yiddah would become known worldwide as a major industrial city. Twenty years ago, Yida was not even thought of as such. Yida was formed in the year 2001. In the year 2009, a housing scheme of 21 thousand plots had come here. After this, the pace of launching industrial, commercial, housing society, housing schemes was very slow here. Which has now again gained momentum due to the plans of Chief Minister Yogi Adityanath.
With the initiative of Chief Minister Yogi Adityanath, the proposal to build Jewar airport was approved. At the same time, attention was paid to bring industrial investment here and on seeing the big investors of the country and abroad started coming forward to set up their units in Yeida. Now it is becoming a status symbol for big investors of the country and abroad to set up their units in yida. One reason for this is the Jewar airport, apart from this, work is also being done on the plan to run a metro from Greater Noida to Jewar to improve the traffic here. Due to all this, YIDA has now strengthened its grip on the economic front. Despite the Corona epidemic, YIDA has earned more than 2200 crores in this financial year. In the last financial year, this figure was Rs 1198 crore.
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