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Gautam Buddh Nagar bags investment proposals worth Rs 2.95 lakh cr

Wednesday, 21 Feb 2024
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Gautam Buddh Nagar bagged the highest amount of investment among districts across the state during Uttar Pradesh Ground Breaking Ceremony (GBC), which is being held in Lucknow. It signed memoradums of understanding (MOUs) for over 1,350 projects worth Rs 2.95 lakh crore, 29.5 percent of the total investment across the state.

The three authorities of the city, Noida Authority, Greater Noida Authority and Yamuna Expressway Industrial Development Authority (YEIDA) together bagged investments of over Rs 1.8 lakh crore. Noida authority’s share is Rs 75,000 crore, Greater Noida authority’s share is Rs 60,000 crore, and Yamuna Expressway Industrial Development Authority’s share is Rs 45,000 crore. Noida, Greater Noida and the Yamuna Expressway regions have evolved as the preferred choice for domestic and global investors.

A total of 302 units will come up in Gautam Budh Nagar and will create employment for 352,993 persons in the district in the next three to five years. In Greater Noida, Dixon will invest Rs 500 crore, and Hair in its expansion project will invest Rs 640 crore, Addverb, a global robotics and automation company, has pledged to invest Rs 500 crore. In the IT sector, Advance Compusoft has launched an IT and commercial park in Techzone 4, on 25 acres after investing Rs 1,000 crore. Bhutani Grandthum will invest Rs 1,000 crore in Techzone-4. Migsun will invest Rs 500 crore in Techzone. 

The Boulevard Walk, a mixed-use development by Home and Soul, will offer pre-leased retail shops, hotel apartments, and other spaces in Greater Noida West. In the Yamuna Expressway area, Vivo will set up a unit, and so will Sify Infinite Spaces and Jackson, besides data centre companies. The Film City project, spread on 1,000 acres having an investment of around Rs 10,000 crore was also part of the groundbreaking ceremony.

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