In a bid to promote setting up of electronic manufacturing companies and encouraging employment, Yamuna Expressway Industrial Development Authority (YEIDA) on Thursday allotted 100 acres plot in Sector-24 to Uttar Pradesh Electronic Corporation limited to develop Greenfield Electronic Manufacturing Cluster (EMC).
Around 35 investors have expressed their interest to invest in this EMC’s programme with mobile companies including lAVA International limited, Spar Technologies, TUV Rhineland, Daki electronic, Spice Global, PGEl, Origins, Pentagonn, Midas led.
The project is expected to involve an investment of about Rs3,000 crore.
The meeting was attended by Bhupender S Chaudhari, and other senior officials of Yamuna Expressway Industrial Development Authority.
YEIDA official said that the land formalities and groundwork for the cluster is likely to be completed in a few months. Meanwhile, manufacturing of products, including Smartphones could start in the next two years. The total land cost for the project is estimated at about Rs160 crore. Five percent of this cost, including the booking amount (about Rs11.42 crore) has already been collected by YEIDA.