Yamuna Expressway Authority to Develop Five Industrial Parks Near Noida International Airport
The Yamuna Expressway Industrial Development Authority (YEIDA) has announced plans to develop five state-of-the-art industrial parks near the upcoming Noida International Airport in Jewar. These parks will focus on key sectors, including electric vehicles (EVs), plastic processing, footwear, handicrafts, and transportation.
Strategic Location and Vision
Spread over 600 acres in Sector 10 of the Yamuna Expressway region, these industrial parks are poised to become an exclusive industrial hub. The site’s proximity to the Noida International Airport and its seamless connectivity to Greater Noida, Mathura, and Agra via the Yamuna Expressway make it an ideal location for industries, manufacturing units, and logistics hubs.
The master plan designates Sector 10 as a specialized industrial zone, emphasizing innovation, efficiency, and sustainability. This initiative aligns with Uttar Pradesh’s vision to boost regional economic growth and attract significant investments.
Key Features of the Industrial Parks
- EV Park: A dedicated zone for electric vehicle manufacturing, including EV components, which is expected to attract leading global and domestic players.
- Plastic Processing Park: Focusing on sustainable practices in plastic production and recycling.
- Footwear Park: A hub for footwear manufacturing units, providing a boost to the sector.
- Handicrafts Park: Supporting local artisans and promoting traditional crafts on a global scale.
- Transport Hub: Designed to streamline logistics and transportation operations for industries in the region.
Land Acquisition and Development Progress
The Uttar Pradesh government has authorized the Gautam Budh Nagar administration to expedite the land acquisition process. A total of 600 acres of agricultural land will be acquired, with the social impact assessment already completed. Public objections and suggestions will be considered under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation, and Resettlement Act, 2013.
Upon completion of formalities, compensation will be distributed to landowners, and the land will be handed over to YEIDA. The Authority aims to allocate land for industrial parks after developing necessary amenities, targeting project completion by the end of 2024.
Benefits for Investors and Stakeholders
- Enhanced Connectivity: The industrial parks’ location near the Noida International Airport and Yamuna Expressway ensures efficient logistics and transportation.
- Sector-Specific Infrastructure: Each park is designed to cater to specific industries, ensuring customized support and facilities.
- Investment Opportunities: With YEIDA’s streamlined processes, investors can secure prime industrial plots in a rapidly developing region.
- Economic Growth: These parks are expected to generate employment, boost local businesses, and contribute significantly to the state’s GDP.
- Sustainability: Incorporating green practices and smart infrastructure will make these parks models of sustainable industrialization.
Why This Matters
For businesses and investors, the development of these industrial parks offers unparalleled opportunities to be part of a transformative project in one of India’s fastest-growing regions. The initiative not only accelerates industrial growth but also strengthens India’s position as a global manufacturing hub.
Stay tuned to www.smartbrickz.in for updates on industrial and investment opportunities along the Yamuna Expressway.
