Yamuna City investments soar on Jewar airport buzz

[अर्णब् मुखर्जी]

Yamuna City investments soar on Jewar airport buzz

Meenakshi Sinha | TNN | Updated: Oct 21, 2019, 11:23 IST

The biggest investment till now has come from Vivo, which was allotted a 169-acre plot in Sector 24A in Novemb...Read More

YAMUNA CITY: The upcoming Jewar airport, set to be the country’s largest and expected to cater to 43 districts around it, has led to investments worth nearly Rs 7,000 crore in just 20 months.
“After the Jewar airport was approved in January last year, the interest of entrepreneurs in the region has gone up,” said Shailendra Bhatia, officer on special duty, Yamuna Expressway Industrial Development Authority (YEIDA). Between February last year and October 4 this year, YEIDA has allotted 338.21 acre land to about 180 units in Yamuna City, with investments of Rs 6,888 crore. 

“The allotments are in the industrial and institutional segments, which will boost the economy and liveability index of the region,” said Arun Vir Singh, CEO of YEIDA. Most of the land allotted is along the Yamuna Expressway — in Sectors 22E, 23E, 24, 29, 32 and 33. 

“Land allotment is being done through the single-window system with the stipulation that the unit will have to start within three to four years from the date of allotment … Lakhs of jobs are expected to be created with these allotments — 52,461 people will get direct employment with the arrival of these companies,” Bhatia added. 

The biggest investment till now has come from Vivo, which was allotted a 169-acre plot in Sector 24A in November last year, at Rs 5,200 crore. 

It is expected to create job opportunities for 25,000 people. Haldiram comes next, with investments worth Rs 245 crore. 

It has been allotted 24.7 acre in Sector 32. Avery Dennison, a Fortune 500 company, has been allotted a 12.3-acre land with investments worth Rs 231 crore.

Last year, YEIDA had given land to two Chinese companies — 9.88 acre each to Yingtong Electronic Technology Pvt Ltd, which manufactures headphones, earphones, USB cables and other accessories, and Xihi Technology Pvt Ltd, manufacturer of power chargers with hardware and software accessories to be supplied to Vivo, in Sector 24. 

The combined project cost is Rs 184 crore and the two companies are expected to create 13,000 new jobs.
Prior to that, YEIDA had given 11.25-acre land to three companies, also in Sector 24 – five acres each to MT&T Ltd and Raj Corporation, and 1.25 acre to Kesharwani Pvt Ltd. 

https://timesofindia.indiatimes.com/city/noida/yamuna-city-investments-soar-on-jewar-airport-buzz/articleshow/71678875.cms

[vishal raj]

Dear sir, 

If husband already owns a plot, can he apply in name of wife in newly launched scheme.

Thanks

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[Purushottam Sharma]

No

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