Greater Noida receives record investment of Rs 26,530 crore in four and a half years of Yogi Govt

71,500 people, including 40% local youth to get employment in 391 factories being set up in Greater Noida.

46 investors get land to establish water plant at the cost of Rs 2000 crore in last 1 year alone despite pandemic.

Authority procures 900 hectares to build 8 new industrial sectors in order to accommodate increasing number of investors.

Lucknow, August 28: Greater Noida Industrial Development Authority area in Gautam Budh Nagar district, which is known as the ‘show window’ of Uttar Pradesh, has attracted record investment of Rs 26,530 crore in the last four and a half years, thanks to investor-friendly policies of the Yogi Government.

A total of 391 big investors from across the country and abroad have bought land in Greater Noida to set up their factories, which will provide employment to 71,500 people, including more than 40 percent local youths.

It is worth mentioning here that even during the ongoing coronavirus pandemic, 46 investors have bought land from the Greater Noida authority to set up their firms. Investments are rising rapidly as entrepreneurs get increasingly attracted to Greater Noida.

In order to meet the growing demand of investors, the Greater Noida Authority is setting up eight new industrial sectors and buying about 900 hectares of land.

According to the officials of the authority, the industrial policies of Chief Minister Yogi Adityanath to promote investment in the state are being liked by investors from both within the country and abroad. Due to the state’s progressive IT and manufacturing policies, food processing policy and concessions given to promote investment in the solar energy sector, many big industrial houses are queuing up to invest in Uttar Pradesh.

Popular Chinese electronics and mobile phone companies Oppo and Vivo are investing in Greater Noida. Apart from this, companies like Hiranadani Group, Dreamtouch Electronics, Inox Air, Lami Plastic Manufacturing have bought land from Greater Noida Authority to start their ventures.

According to officials, unlike other places, Greater Noida has remained absolutely unaffected by the coronavirus in terms of investments. In the last one year alone, plots ranging from 40 to 1,000 square metres have been allotted to 46 investors in Greater Noida to set up their units. These investors will set up a water plant at the cost of Rs 2000 crore, which will employ about 8,200 people. Many other big companies have also requested the authority for land to set up their firms in Greater Noida.

According to officials, ever since the airport at Jewar got the green signal, the interest of companies in making investments in Greater Noida has shot up. In view of all these facts, an integrated industrial township is being built on 750 acres by Integrated Industrial Township Greater Noida Limited (IITGNL), a joint venture between Greater Noida Authority and Delhi Mumbai Industrial Corridor (DMIC). The township will host five major companies including Haier Electronics, Forme Mobile, Satkriti Infotainment, Chenfeng (LED company) and J World Electronics. Haier Company will invest Rs 3069 crore, Forme Mobile Rs 100 crore, Satkriti Infotainment Rs 235 crore, Chenfeng (LED) 206 crore and J World Electronics Rs 100 crore. The units to be set by these five companies in Greater Noida will provide permanent employment to 9225 people.