YEIDA set to emerge as a major industrial hub of India

| | Lucknow
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YEIDA set to emerge as a major industrial hub of India

Saturday, 10 July 2021 | PNS | Lucknow

The Yamuna Expressway Industrial Development Authority (YEIDA) area is set to emerge as a major industrial hub of India in the coming years, given the amount of interest it has been generating among industrialists from both within the country and outside.

The acquisition of industrial plots by as many as 1,564 major investors from India and abroad in the last four years of Yogi Adityanath government bears testimony to interest among investors in the YEIDA area.

As many as 1,564 industrialists are making an investment of about Rs 16,523.83 crore to establish their units in YEIDA area, and they are expected to provide employment to over 2.6 lakh people. This is for the first time that YEIDA has attracted such a huge investment.

The investors have already started construction of their manufacturing units and many are close to completion. A case in point is that of Vivo which has set up its mobile phone manufacturing unit in Sector 24 of YEIDA and the production is likely to start in the next four to six months.

The Yingtong Electronic Technology's unit for manufacturing mobile phone accessories is almost ready in Sector 24 and 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.

According to industry experts, the number of investors in the YEIDA area could go further up remarkably with the beginning of construction of Jewar International Airport. The experts believe that the airport will attract the biggest investors of the world and YEIDA, leaving other industrial development authorities in the state far behind in terms of investments.

Besides, work is underway on many big projects including Film City, Raya Heritage City and Tappal Logistic Hub, which are expected to get off the ground by 2023-24. With their completion, YEIDA would become known worldwide as a major industrial city. Industrial development officials maintain that altogether 3,908 major investors have acquired industrial plots to set up their units at a cost of Rs 61,330.98 crore across UP, of which the highest 1,564 units are to be set up in the YEIDA area. Besides, 1,035 units will be set up in UPCIDA, 864 units in Noida Development Authority, 345 units in Greater Noida and 118 units in GIDA.

Meanwhile, prominent companies that have been allotted land to set up their units in YEIDA area include: Ishi Technology, Dev Pharmacy, Kwality Buildcon, Matend Limited, Raj Corporation, Galvano India Private Limited, Bikaner, Quadrant, Swastik Industries and Narsee Monji University.

Besides, the first collector industry of the state has been launched here while there were plans to develop a Handicraft Park, an Apparel Park, a MSME Park and a Toy City also. The YEIDA has been scaling heights in its 20-year journey due to the units being set up by reputed companies.

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