Yamuna Expressway Industrial Development Authority (YEIDA) has issued (LoI) Letter of Intent to 25 companies worth a total estimated investment of 3,155 INR-Crore. The companies will set up their industrial units near Noida Airport, spanning over an anticipated 95 Acres.
The Yamuna industrial investment includes several proposed units such as automobile manufacturing, electronics, medical devices and pharmaceuticals. Additionally, the project will have facilities for packaging, handicrafts and apparel. Gainwell Commosales have proposed the biggest investment worth nearly 497 INR-Crore for an integrated engineering and manufacturing project. The project will cover an anticipated 20 Acres of mixed use land.
Also Read: Upcoming Mixed-Use Development – Valor L&T Conrad, BKC, Mumbai
Furthermore, Multitex Filteration Engineers plans to invest an estimated 282 INR-Crore in a heavy fabrication unit spanning across 5 Acres. Meanwhile, Cyno lifesciences has proposed a drugs and medicines manufacturing unit worth an estimated 206 INR-Crore. It will span over nearly 2.5 Acres.
Through the Yamuna industrial investment, 11 companies will be able to set up units in Sector 8D, 8 companies in Sector 29, 3 companies in Sector 24 followed by 2 companies in Sector 6 and 1 company in Sector 28. The authority has allotted 1,122 industrial plots so far, and the latest proposals add to YEIDA’s wider industrial development push in the region.
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