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Work gains momentum at two MSME parks near Noida

Wednesday, 18 Aug 2021

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The construction of two micro, small and medium enterprise (MSME) parks near Noida, Uttar Pradesh, has gained momentum with 812 investors buying lands at the proposed sites to set up units at a cost of Rs 2,345 crore.

The proposed companies in these parks- coming up along the Yamuna Expressway in Sectors 29 and 32 are expected to create employment for almost 43,000 people.

The parks are being developed by the Yamuna Expressway Industrial Development Authority (YEIDA) as a model to boost the MSME sector.

The two MSME parks are coming up in YEIDA's two Sectors where land has been allotted to 812 investors. A total of 239.61 acre of land has been allotted.

Of the allotted 812 land plots, 760 are bigger than 4,000 sq mtr in area while the rest are smaller than 4,000 sq mtr.

All the entrepreneurs who have procured land in the park have started construction of their units and major companies have started building their factories. They include Swastik Industries, United Logistics, Syria Impex, DR Auto Industries, Ranexa Medical, Shree Balaji Printing and Gapdec Infratech.

The MSME parks will provide facilities like business and shopping centres, incubation centres, hotels and restaurants, office blocks, health and fire stations. A certification lab will also be set up. The parks will also feature storehouses, container and truck terminals, railway siding infrastructure and fuel stations.

These parks will be followed by establishment of similar parks in Agra, Kanpur, Moradabad, Varanasi, Azamgarh and Gorakhpur.