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GNIDA to set up eight new industrial sectors

Wednesday, 25 Aug 2021
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The Greater Noida Industrial Development Authority (GNIDA) has decided to set up eight new industrial sectors on 900 ha that will be acquired directly from villagers. 
Almost half the land had already been procured. GNIDA has directed officials to set up camps in the villages so that the process of acquiring land could be expedited.
The eight industrial sectors will come up in Ecotech 7, 8, 9, 12A, 16, 19, 19A and 21 sectors. Some of the villages where land is being acquired include Pauvari, Imalyaka, Atai Muradpur, Luksar, Ladpura and Sirsa.
A total of 46 plots, ranging between 1,000 sq mtr and 20 acre, were allotted this year despite the pandemic. This will generate an income of around Rs 268 crore for the authority.
The investments worth Rs 2,000 crore and job opportunities for about 8,200 people will be generated from these allotments.
The authority is making provisions for land to companies according to their demand. Keeping this in mind, eight new industrial sectors will come up on 900 ha that will be purchased from farmers at the rate of Rs 3,500 per sq mtr.
Several electronic companies based in South Korea and China have shown interest in setting up industry in Greater Noida.
After LG and Samsung, two more Korean companies -- Dreamtech India and Starion India -- have bought 40 acre between them in Ecotech 10 for setting up plants. The companies are likely to invest around Rs 433 crore and generate jobs for over 3,500 youths.
Earlier, five Korean companies, mostly manufacturers of mobile phones and accessories, had bought 87 acre in Greater Noida, promising to infuse more than Rs 1,150 crore and create employment opportunities for over 8,700 people.
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