Latest news with #YEIDA
Time of India
a day ago
- Automotive
- Time of India
100 acres for EV manufacturing cluster near Noida International Airport
Yamuna Expressway Industrial Development Authority (YEIDA) has given in-principle approval to allot 100 acres of land in Sector 8 to the Electric Vehicles Manufacturers Welfare Trust for setting up a dedicated cluster for EV autorickshaw and two-wheeler production, along with component manufacturing. YEIDA CEO Arun Vir Singh said that land acquisition work is currently in progress. The Letter of Intent (LoI) for the allotment, which was issued on Thursday, is subject to the approval of the Invest UP Empowered Committee, state policy guidelines, and other applicable regulatory norms. The CEO added that the Trust has informed the Authority that over 150 units associated with it intend to set up manufacturing facilities . This initiative is expected to provide a major boost to the region's manufacturing sector. The Authority has already allotted land for various parks and clusters in the area, including the Medical Device Park, Toy Park, Apparel Park, Data Centre, IT Park, and the recently approved Electronics Manufacturing Cluster 2.0. YEIDA officials also said that a start-up manufacturing EV batteries for two-wheelers, including Royal Enfield, will be allotted 10,000 sqm in the 206-acre Electronics Manufacturing Cluster-2 (EMC-2) in Sector 10. Havells has already been allotted 50 acres here as the anchor company, and three other major firms have also secured plots. Neenjas Electric has been issued a Letter of Intent for manufacturing electric vehicle chargers, LED lighting panels, and related solar-based technologies in Sector 10. Founded in 2021, the start-up is based in Noida and operates manufacturing units in Greater Noida. Last week, Dixon Technologies secured 22.5 acres in EMC 2.0, becoming the third company to join the hub. Officials said Dixon received the LOI to set up a manufacturing unit for mobile phones, consumer electronics, telecom equipment, lighting products, and white goods. LOIs were also issued to two other companies – Ascent-K Circuit and Aurionpro ToshiAutomatic Systems – for setting up units under the central govt's scheme. The 206-acre cluster has seen strong interest from top industrial players, officials added. YEIDA officials confirmed that the land acquisition process in Sector 10 is also ongoing.
India Gazette
2 days ago
- Entertainment
- India Gazette
"Meaningful and very fruitful meeting": Boney Kapoor meets UP CM Yogi Adityanath
New Delhi [India], June 26 (ANI): Film producer Boney Kapoor met Uttar Pradesh Chief Minister Yogi Adityanath. On Thursday, Boney posted a picture on Instagram where he offered a flower bouquet to the CM. He wrote, 'Had a meaningful & very fruitful meeting with Shri Yogi Adityanath ji Hon'ble CM of UP.' Recently, Boney Kapoor's company, Bayview Projects LLP, on Tuesday submitted the detailed layout plan of the Chief Minister Yogi Adityanath's dream project, the 'International Film City,' to the Yamuna Expressway Industrial Development Authority (YEIDA), officials said. YEIDA will now review the plan, and after giving the necessary approvals, formal construction work of the film city will begin, according to the press note by YEIDA. The International Film City is planned to be developed over 1,000 acres in Sector-21 along the Yamuna Expressway. The first phase will kick off on 230 acres of land, with an estimated cost of Rs 1,510 crore. CEO Arun Veer Singh made it clear that construction will fully follow the agreement, and no changes will be accepted without approval. He said that Bayview Projects LLP, selected as the highest bidder by offering 18 per cent of gross revenue share, was issued the Letter of Award last year. As per the press note, separate NOCs for parking, landscaping, and gardening will be required for approvals. On June 27, 2024, YEIDA and the concessionaire representative Boney Kapoor signed the concession agreement. As per this, the site's right-of-way was transferred to the concessionaire on February 27, 2025. The master plan of the Film City was approved on January 30, 2025. The project will be completed in three phases over the next eight years. In the first phase, construction will take place on 230 acres, and in the future, expansion will happen on the remaining 770 acres in phases 2 and 3. The first 155 acres will be used for building main structures such as film studios, sound stages, post-production units, and a film institute. Additionally, 75 acres will be developed into a commercial center with retail, offices, and entertainment complexes, but this will start only after the film-related buildings are completed. Rajiv Arora, GM of Bayview Projects LLP, said construction will begin immediately after all approvals. He said, 'We will build a Film City that will fulfil Chief Minister Yogi Adityanath's dreams.' Notably, Chief Minister Yogi Adityanath will lay the foundation stone for the project. The proposed International Film City in Sector 21 is a historic step toward making Uttar Pradesh a national and international film production hub. It will not only create jobs and attract investment but also promote the state's cultural heritage. For film lovers and youth, this project will be more than just a job opportunity; it will be a platform to fulfil their dreams. This project is expected to create about 500,000 direct and indirect jobs. The upcoming International Film City will include a grand convention centre with 10,000 seats, where big film ceremonies and events will take place. Along with this it will include, a museum based on Indian cinema, a special film festival area, which will have a guest house and an auditorium, separate accommodation facilities for artists, small studio units with different Indian architectural styles, which can be rented for shooting or staying and large sound stages and an underwater shooting studio. (ANI)
Time of India
2 days ago
- Automotive
- Time of India
100 acres for EV manufacturing cluster near Noida International Airport
Noida: Yamuna Expressway Industrial Development Authority (YEIDA) has given in-principle approval to allot 100 acres of land in Sector 8 to the Electric Vehicles Manufacturers Welfare Trust for setting up a dedicated cluster for EV autorickshaw and two-wheeler production, along with component manufacturing. YEIDA CEO Arun Vir Singh said that land acquisition work is currently in progress. The Letter of Intent (LoI) for the allotment, which was issued on Thursday, is subject to the approval of the Invest UP Empowered Committee, state policy guidelines, and other applicable regulatory norms. The CEO added that the Trust has informed the Authority that over 150 units associated with it intend to set up manufacturing facilities. This initiative is expected to provide a major boost to the region's manufacturing sector. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida The Authority has already allotted land for various parks and clusters in the area, including the Medical Device Park, Toy Park, Apparel Park, Data Centre, IT Park, and the recently approved Electronics Manufacturing Cluster 2.0. YEIDA officials also said that a start-up manufacturing EV batteries for two-wheelers, including Royal Enfield, will be allotted 10,000 sqm in the 206-acre Electronics Manufacturing Cluster-2 (EMC-2) in Sector 10. Havells has already been allotted 50 acres here as the anchor company, and three other major firms have also secured plots. Neenjas Electric has been issued a Letter of Intent for manufacturing electric vehicle chargers, LED lighting panels, and related solar-based technologies in Sector 10. Founded in 2021, the start-up is based in Noida and operates manufacturing units in Greater Noida. Last week, Dixon Technologies secured 22.5 acres in EMC 2.0, becoming the third company to join the hub. Officials said Dixon received the LOI to set up a manufacturing unit for mobile phones, consumer electronics, telecom equipment, lighting products, and white goods. LOIs were also issued to two other companies – Ascent-K Circuit and Aurionpro ToshiAutomatic Systems – for setting up units under the central govt's scheme. The 206-acre cluster has seen strong interest from top industrial players, officials added. YEIDA officials confirmed that the land acquisition process in Sector 10 is also ongoing.
Time of India
2 days ago
- Business
- Time of India
JAL promoters file petition in SC over land cancellation in Noida
Noida: Jai Prakash Associates Ltd 's (JAL) promoters have filed a special leave petition (SLP) in Supreme Court, challenging the Allahabad high court's decision that upheld the cancellation of the group's Sports City land along the Yamuna Expressway by the Yamuna Expressway Industrial Development Authority (YEIDA). However, the court refused to grant any interim stay or relief on the plea filed on June 7. Instead, it issued notice and directed the current SLP be tagged with the already pending related case. The petitioners had requested the court to maintain the status quo on the land. YEIDA had argued there was no justification for granting relief to the promoters at this stage citing two other SLPs where "no stay or status quo was granted". You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida This development marks yet another legal twist in the protracted battle over the 1,000-hectare Sports City land, originally allotted to JAL for developing a mixed-use project with sports infrastructure, including the Buddh International Circuit. The land was cancelled by YEIDA in Feb 2020, citing non-payment of dues and violation of lease conditions. This led to multiple rounds of litigation. The next hearing in the case is scheduled for July 29. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo The SLP — filed by Sunil Kumar Sharma and another suspended promoter in their personal capacity as guarantors to JAL's debt — came up for hearing on Monday before a bench comprising Justices KV Viswanathan and Nongmeikapam Kotiswar Singh. The counsel, appearing for the petitioners, argued that the resumption of the land by the Yamuna Authority following the cancellation order substantially increased their liabilities as guarantors under the insolvency process. They argued the 1,000-hectare land parcel in question — part of the Sports City project — is a key asset for JAL's financial recovery and revival under the Insolvency and Bankruptcy Code (IBC). However, the legal team representing YEIDA objected to any interim relief. It submitted that two other SLPs — one filed by JAL through its insolvency resolution professional (IRP) and another by the committee of creditors (CoC) — were already heard by the court and no stay or status quo was granted. In March, Allahabad high court upheld YEIDA's cancellation order and directed the Authority to take over the land and complete the incomplete group housing projects. launched by JAL over a decade ago.
Time of India
2 days ago
- Entertainment
- Time of India
"Meaningful and very fruitful meeting": Boney Kapoor meets Uttar Pradesh Chief Minister Yogi Adityanath
Film producer met Chief Minister . On Thursday, Boney posted a picture on where he offered a flower bouquet to the CM. He wrote, "Had a meaningful & very fruitful meeting with Shri Yogi Adityanath ji Hon'ble CM of UP." Tired of too many ads? go ad free now Recently, Boney Kapoor's company, Bayview Projects LLP, on Tuesday submitted the detailed layout plan of the Chief Minister Yogi Adityanath's dream project, the "International Film City," to the Yamuna Expressway Industrial Development Authority (YEIDA), officials said. YEIDA will now review the plan, and after giving the necessary approvals, formal construction work of the film city will begin, according to the press note by YEIDA. The International Film City is planned to be developed over 1,000 acres in Sector-21 along the Yamuna Expressway. The first phase will kick off on 230 acres of land, with an estimated cost of Rs 1,510 crore. CEO Arun Singh made it clear that construction will fully follow the agreement, and no changes will be accepted without approval. He said that Bayview Projects LLP, selected as the highest bidder by offering 18 per cent of gross revenue share, was issued the Letter of Award last year. As per the press note, separate NOCs for parking, landscaping, and gardening will be required for approvals. On June 27, 2024, YEIDA and the concessionaire representative Boney Kapoor signed the concession agreement. As per this, the site's right-of-way was transferred to the concessionaire on February 27, 2025. The master plan of the Film City was approved on January 30, 2025. The project will be completed in three phases over the next eight years. Tired of too many ads? go ad free now In the first phase, construction will take place on 230 acres, and in the future, expansion will happen on the remaining 770 acres in phases 2 and 3. The first 155 acres will be used for building main structures such as film studios, sound stages, post-production units, and a film institute. Additionally, 75 acres will be developed into a commercial center with retail, offices, and entertainment complexes, but this will start only after the film-related buildings are completed. Rajiv Arora, GM of Bayview Projects LLP, said construction will begin immediately after all approvals. He said, "We will build a Film City that will fulfil Chief Minister Yogi Adityanath's dreams." Notably, Chief Minister Yogi Adityanath will lay the foundation stone for the project. The proposed International Film City in Sector 21 is a historic step toward making Uttar Pradesh a national and international film production hub. It will not only create jobs and attract investment but also promote the state's cultural heritage. For film lovers and youth, this project will be more than just a job opportunity; it will be a platform to fulfil their dreams. This project is expected to create about 500,000 direct and indirect jobs. The upcoming International Film City will include a grand convention centre with 10,000 seats, where big film ceremonies and events will take place. Along with this it will include, a museum based on Indian cinema, a special film festival area, which will have a guest house and an auditorium, separate accommodation facilities for artists, small studio units with different Indian architectural styles, which can be rented for shooting or staying and large sound stages and an underwater shooting studio.
