Uttar Pradesh is set to receive investment proposals worth more than 5,000 INR-Crore in the Yamuna Expressway Industrial Development Authority region. Authorities announced the proposals on Saturday, 24 May, through a statement issued by the Uttar Pradesh Department of Information and Public Relations. The YEIDA investment proposals are expected to generate over 12,000 jobs across multiple industrial sectors.
The largest proposal came from CESC Green Power Ltd of the RP-Sanjiv Goenka Group. The company will invest 3,805 INR-Crore to establish a 3 GW solar cell and module manufacturing unit on an anticipated 100 Acres of land. The project is expected to create around 5,000 jobs. Additionally, Integrated Batteries India Pvt Ltd will develop a 4 GW solar PV cell manufacturing unit with an investment of 1,146 INR-Crore and generate about 500 jobs.
In the IT sector, Arsenal Infosolutions Pvt Ltd will invest 71.19 INR-Crore in an IT/ITES unit expected to create 1,140 jobs. Further, Virtual Employee Pvt Ltd will invest 48 INR-Crore in an IT/ITES project, while Amadeus India Pvt Ltd will establish a 160 INR-Crore IT project. Meanwhile, Quarks Technosoft Pvt Ltd will invest 47.47 INR-Crore in a data processing center expected to employ around 1,800 people.
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The electronics and manufacturing segment also attracted multiple investment proposals. Companies including Summercool Home Appliances Ltd, Agility Elektrotekniks Pvt Ltd and Advance Panels and Switchgears Pvt Ltd will invest in manufacturing facilities for electronic products, EV chargers, transformers and electrical equipment. Additionally, JMV LPS Ltd will establish a railway signalling products manufacturing unit with an investment of 54.80 INR-Crore. Sahu International Attire Pvt Ltd will also set up a ready-made garment manufacturing unit worth 70 INR-Crore.
The YEIDA investment proposals will strengthen industrial activity and manufacturing infrastructure in western Uttar Pradesh. These will also support growth in renewable energy, electronics, IT and industrial manufacturing sectors along the Yamuna Expressway corridor.
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