Due to the growing demand for investment in the state due to the establishment of factories in the NCR region, the Greater Noida Noida Industrial Development Agency (GNIDA) announced the launch of an open plan to provide investors with industrial land.

According to the new plan, investors will be provided with 23 industrial land with an area ranging from 450 square meters to 20 acres. The allocation of these plots will also be conducted through an interview or lottery in the first week of November for applications received before October 31st. According to GNIDA, these investments may bring about 8 billion rupees in revenue to the national treasury and create jobs for nearly 3,000 people.

In the past four and a half years, GNIDA has received investment advice from 391 investors and entrepreneurs from home and abroad to set up a factory in Greater Noida. The total investment in these projects is Rs 26,530 crore, which may create job opportunities for 71,500 people. Officials believe that the plan will further boost the enthusiasm of investors, and GNIDA will become the first authoritative institution in China that brings the most industrial investment in such a short period of time.

At the same time, with the continuous influx of investors, GNIDA decided to set up eight new industrial sectors to meet demand. To this end, the process of purchasing approximately 900 hectares of land has been initiated. “As many as 23 industrial land will be allocated to GNIDA’s Ecotech-10, Ecotech-One, Extension-One, Ecotech-8, Ecotech-6, Ecotech-11 and Sector-16 sectors. Green, green, and Non-polluting industries.

Narendra Bhushan, CEO of the Greater Noida Industrial Development Authority, said that information related to the plan has also been provided on the Greater Noida Authority’s website . It is worth noting that Chinese companies Oppo and Vivo are also investing in Greater Noida. In addition, companies such as Hiranandani Group, Dreamtouch Electronics, Inox Air, and Lami Plastic Manufacturing have also purchased land from the Greater Noida Authority to set up businesses.

Last year, the authorities provided 48 investors with plots ranging from 1,000 square meters to 20 acres. These investors will invest 2,000 crore rupees and about 8,200 people will be employed.

News Source : ET Government.com