Greater Noida Authority launches new scheme for investors, Employment to 71,500 people

Lucknow: Greater Noida Industrial Development Authority in the last four-and-a-half years has drawn record-breaking investment, largely owing to the investor-friendly policies rolled out by the Yogi government in Uttar Pradesh.3

The result can be seen in the fact that so far 391 big investors from across the country and from abroad have taken land here to set up their factories in Greater Noida. These projects have raked in investment to the tune of Rs Rs 26,530 crore.

Buoyed by this and realising the interest shown by small and big investors who are looking forward to setting up factories in Greater Noida, the Greater Noida Industrial Development Authority has now kicked off an open-ended scheme to provide industrial plots to the investors.

Under this scheme, plots ranging from 450 square meters to 20 acres will be made available to the investors. Allotment will be done through interview or draw in the first week of November on the applications received till 31st October. With these allocations, the Authority is expected to rake in about Rs 800 crore and provide job opportunities to around 3000 people.

Because of the growing influx of investors and entrepreneurs towards Greater Noida for industrial investment, Noida has become one of the few selected cities in the country in terms of ease of doing business. Many companies from across the country and abroad were demanding to get land in Greater Noida.

Due to this, the GNIDA has decided to set up eight new industrial sectors to meet their demands. For this, the process of buying about 900 hectares of land has been set rolling. Now a 23 industrial plots scheme has been launched.

According to Greater Noida CEO Narendra Bhushan, industrial plots will be allotted in the Authority's Sectors Ecotech-10, Ecotech-One, Extension One, Ecotech-8, Ecotech-6, Ecotech-11 and Sector-16.

All types of industries of green category, the non-polluting category can be set up on these plots. Information related to this scheme has also been made available on the website of the Greater Noida Authority.

According to the officials of the authority, the industrial policies prepared by Chief Minister Yogi Adityanath to promote investment in the state are impressing investors of the country and abroad no ends. Due to the state's IT and manufacturing policy, food processing policy and concessions given to promote investment in the solar energy sector, many big investments are showing keen interest to set up a base in the state.

Under this, in the last four-and-a-half years, 391 big investors of the country and abroad are setting up their factories in Greater Noida by investing Rs 26,530 crore. Popular Chinese companies Oppo and Vivo are also investing in Greater Noida. Apart from this, companies like Hiranandani Group, Dreamtouch Electronics, Inox Air, Lami Plastic Manufacturing have purchased land from Greater Noida Authority to set up their ventures.

In the last year, plots ranging from 1000 square meters to 20 acres were provided by the authority to 46 investors who are looking forward to setting up factories in Greater Noida. These 48 investors will invest Rs 2000 crore and set up a water factory here, in which about 8,200 people will get employment. Many big companies are also willing to invest in Greater Noida.

A new scheme has been introduced for all such investors. Officials say that the scheme will boost investor enthusiasm for those looking to invest in the Greater Noida region and the GNIDA will become the first Authority in the country to bring in the largest number of industrial investments in a short span of few years.