Home || Recent Post || GNIDA to allot Rs 800 cr worth 23 plots to industries under ‘open-ended’ scheme, Government News, ET Government

GNIDA to allot Rs 800 cr worth 23 plots to industries under ‘open-ended’ scheme, Government News, ET Government


GNIDA to allot Rs 800 cr worth 23 plots to industries under ‘open-ended’ schemeBuoyed by growing demand for investment in the state by setting up factories in the NCR region, the Greater Noida Noida Industrial Development Authority (GNIDA) has announced to launch an open-ended scheme to provide industrial plots to the investors.

Under the new scheme, 23 industrial plots ranging from 450 square meters to 20 acres will be made available to the investors. Also allotment for these plots will be done through interview or draw in the first week of November on the applications received till 31st October.

According to GNIDA, these investments are likely to rake in about Rs 800 crore to the exchequer and would create job opportunities for nearly 3,000 people. In the last four-and-a-half years GNIDA has received investment proposals by 391 investors and entrepreneurs from across the country and abroad to set up their factories in Greater Noida.

These projects are pegged at Rs 26,530 crore and are likely to create job opportunities for 71,500 people. Officials believe that the scheme will further boost investors’ enthusiasm and GNIDA will become the first authority in the country to bring the largest number of industrial investments in such a short span of time.

Meanwhile, with ever rising influx of investors, the GNIDA has decided to set up eight new industrial sectors to meet the demands. For this, the process of buying about 900 hectares of land has been started.

“As many as 23 industrial plots will be allotted in the GNIDA’s sectors Ecotech-10, Ecotech-One, Extension-One, Ecotech-8, Ecotech-6, Ecotech-11 and Sector-16. All types of industries of green category, the non-polluting category can be set up on these plots. Information related to this scheme has also been made available on the website of the Greater Noida Authority,” Narendra Bhushan, CEO, Greater Noida Industrial Development Authority said.

It is noteworthy that Chinese companies Oppo and Vivo are also investing in Greater Noida. Apart from this, companies like Hiranandani Group, Dreamtouch Electronics, Inox Air, Lami Plastic Manufacturing have also purchased land from Greater Noida Authority to set up their ventures.

Last year, plots ranging from 1,000 square meters to 20 acres were provided by the authority to 48 investors. These investors will invest Rs 2,000 crore and about 8,200 people will get employment.





Source link