Greater Noida Industrial Development Authority area in Gautam Buddha Nagar district, which is known as the ‘show window’ of Uttar Pradesh, has attracted a record investment of Rs 26,530 crore in the last four-and-a-half years, due to the investor-friendly policies of the Yogi Adityanath government.
Making this claim here on Saturday, a state government spokesman said that a total of 391 big investors from across the country and abroad had bought land in Greater Noida to set up their factories, which would provide employment to 71,500 people, including more than 40 per cent 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 Greater Noida 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. They said due to the state's progressive information technology 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 Hiranandani 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 square metre to 1,000 square metre have been allotted to 46 investors in Greater Noida to set up their units. These investors will set up a water plant at a cost of Rs 2,000 crore, which will employ about 8,200 people. Many other big companies have also requested the Greater Noida 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 3,069 crore, Forme Mobile Rs 100 crore, Satkriti Infotainment Rs 235 crore, Chenfeng (LED) Rs 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 9,225 people.