Yamuna Expressway Authority has announced the development of five industrial parks adjacent to Noida International Airport. These parks will cater to various industries, including electric vehicles, plastic processing, footwear manufacturing, handicrafts, and transportation services. This strategic move aims to strengthen the economic growth in the region and attract investment opportunities.The proposed EV Park is expected to host units manufacturing electric vehicles and parts. The Uttar Pradesh government has initiated the land acquisition process, with the distribution of compensation anticipated upon completion of formalities, paving the way for industrial development in 2024.
0:00
0:00
Officials from the Yamuna Expressway Industrial Development Authority (YEIDA) have revealed plans to develop five industrial parks, including one dedicated to electric vehicles (EVs), near the upcoming Noida International Airport in Jewar. These plans also involve acquiring approximately 600 acres of land for the purpose, according to sources familiar with the matter.
The Authority has designated YEIDA Sector 10 along the Yamuna Expressway, linking Greater Noida with historical cities such as Mathura and Agra, as the site for these industrial parks. Among the industrial parks slated for development near the Noida International Airport are those focused on electric vehicles, plastic processing, footwear manufacturing, handicrafts, and a transport hub.
A senior official, speaking on condition of anonymity, informed Moneycontrol that the Uttar Pradesh state government has instructed the Gautam Budh Nagar administration to initiate the land acquisition process. The proposed industrial hub in Sector 10 aligns with the masterplan, aiming to capitalise on its proximity to the upcoming greenfield airport and its accessibility via the Yamuna Expressway.
The official emphasised that Sector 10's strategic location makes it an ideal destination for various industries and manufacturing units. Specifically, the EV Park planned for Sector 10 is expected to attract companies involved in manufacturing electric vehicles and related components.
Regarding the land acquisition process, the official noted that a notification empowering the Gautam Budh Nagar administration to expedite the process was issued by the Uttar Pradesh government on February 4. The acquisition, totaling 600 acres, has undergone a social impact assessment study conducted by Gautam Buddha University.
To ensure transparency, public feedback will be solicited under Section 15 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation, and Resettlement Act, 2013. Additionally, the public is advised against unauthorised transactions involving the designated land.
Upon completion of formalities and compliance with regulations, land compensation distribution will commence, paving the way for the transfer of acquired land to YEIDA for industrial development purposes.
YEIDA officials expressed optimism about completing the land allocation and development process by 2024, aiming to establish the industrial parks and requisite amenities in Sector 10 as part of the region's economic expansion strategy.
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy
Facebook
Whatsapp
