Latest news with #YamunaExpresswayIndustrialDevelopmentAuthority
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.
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.
Hindustan Times
3 days ago
- Business
- Hindustan Times
Centre approves ₹417-cr electronics manufacturing cluster under Yamuna Expressway
New Delhi The EMC 2.0 will be developed by the Yamuna Expressway Industrial Development Authority (Yeida) on 206.4 acres. (Representational photo/HT Archive) The central government has approved the setting up of a ₹ 417-crore Electronics Manufacturing Cluster (EMC 2.0) in Uttar Pradesh's Gautam Budh Nagar district, at Sector 10 of the Yamuna Expressway, to boost local electronics production and innovation. The project is expected to attract investments to the tune of ₹ 2,500 crore and lead to the creation of around 15,000 jobs. 'It is fully in line with Prime Minister Shri Narendra Modi's vision of promoting manufacturing in India. It reflects the government's sharp focus on job creation and building a Viksit (developed) Bharat,' said IT minister Ashwini Vaishnaw. The EMC 2.0 will be developed by the Yamuna Expressway Industrial Development Authority (Yeida) on 206.4 acres. The ₹ 417-crore project cost excludes the cost of land, but includes ₹ 144 crore in central financial assistance from the IT ministry, with the remaining amount to be funded by Yeida, as per the approval document seen by HT. The project is expected to be completed by January 2028 and will feature facilities such as a skill development centre, a convention centre, and a three-storey hostel block, among others. The project is anchored by Havells, with an investment of ₹ 800 crore. The company will be allotted 50 acres for manufacturing domestic appliances, such as fans, AC, coolers, lighting, switchgear, cables, etc. The EMC 2.0, located along the Yamuna Expressway and near the upcoming Jewar airport, will also support the production of industrial electronics to medical devices, computer hardware, and communication equipment, according to a press release. The development comes as a further boost, close on the heels of last month's announcement of the establishment of an HCL-Foxconn semiconductor OSAT facility near Jewar airport. This unit will invite an investment of ₹ 3,700 crore and is the sixth semiconductor unit announced under the IT ministry's India Semiconductor Mission (ISM). Uttar Pradesh will also soon unveil a state-level top-up to the Centre's Electronics Component Manufacturing Scheme (ECMS), previously reported by HT. In addition to central incentives, the state government is likely to announce a package worth over ₹ 10,000 crore to attract electronics manufacturers to set up operations in the state, HT has learnt. Uttar Pradesh accounts for 25% of India's total electronics manufacturing and contributes a significant 50% to the country's mobile phone production, a senior government official told HT. While it is normally said that Tamil Nadu leads in electronics exports, UP is ahead in overall manufacturing, with the majority of the state's output coming from the Greater Noida and Yamuna Expressway region, added the official.
Time of India
3 days ago
- Business
- Time of India
Govt approves Rs 417 crore electronics manufacturing cluster in UP; set to create 15,000 jobs
Academy Empower your mind, elevate your skills The government on Wednesday approved a Rs 417 crore electronics manufacturing cluster (EMC 2.0) to be set up at Gautam Buddha Nagar in Uttar Pradesh, aimed at boosting local innovation and cluster is expected to attract investment of Rs 2,500 crore, the electronics and information technology ministry said in a will support manufacturing in consumer electronics, automotive and industrial electronics, medical devices, computer hardware and communication equipment.'The project will lead to the creation of world-class infrastructure and generate 15,000 jobs,' said Union minister for electronics and IT Ashwini added that the initiative is in line with the government's focus on promoting manufacturing in the project will be developed by the Yamuna Expressway Industrial Development Authority . It will be strategically located along the Yamuna Expressway, Eastern Peripheral Expressway and the upcoming Palwal-Khurja ExpresswayThe site is close to key transport hubs including a railway station and Jewar International Airport. The EMC is surrounded by important industrial zones such as the Medical Device Park, MSME & Apparel Park and the Aviation far, about Rs 30,000 crore has been invested in the projects under the scheme. The EMC has attracted 520 companies, leading to the generation of more than 86,000 jobs, as per official and micro, small and medium enterprises (MSMEs) will get access to world-class plug-and-play infrastructure and shared facilities, at the upcoming cluster, aimed at reducing infrastructure and logistics costs, the statement said. These include standard factory sheds, electricity, water provisioning, sewage treatment, hostels, skill development centres and health have been instructed to work closely with the UP government to ensure faster execution of the project, the statement said.
Hindustan Times
3 days ago
- Business
- Hindustan Times
Govt approves ₹417 Cr electronics manufacturing cluster in UP
New Delhi: The government on Wednesday has approved a ₹ 417 crore electronics manufacturing cluster (EMC 2.0) in Uttar Pradesh. The EMC 2.0 will be developed by the Yamuna Expressway Industrial Development Authority (YEIDA) across 206.4 acres (HT photos/ Representative photo) Developed by the Yamuna Expressway Industrial Development Authority (YEIDA) across 206.4 acres, the EMC 2.0 will come up in Sector 10, near Jewar Airport, which is likely to begin operations in May. The EMC 2.0 is expected to be completed by January 2028 and is likely to attract ₹ 2,500 crore in investments and create around 15,000 jobs. 'It is fully in line with Prime Minister Shri Narendra Modi's vision of promoting manufacturing in India. It reflects the government's sharp focus on job creation and building a Viksit (developed) Bharat,' Information Technology (IT) Minister Ashwini Vaishnaw said. The ₹ 417 crore approved by the government excludes the cost of land but includes central financial assistance of ₹ 144 crore from the ministry of electronics and information technology (MeitY), with the remaining amount to be funded by YEIDA, as per the approval document seen by HT. The project is anchored by Havells, with an investment of ₹ 800 crore. The company will be allotted 50 acres for the manufacturing of domestic appliances such as fans, ACs, coolers, lighting, switchgears, cables, etc. The project will feature facilities such as a skill development centre, a convention centre, and a three-storey hostel block. The EMC 2.0 will also support the production of industrial electronics, medical devices, computer hardware, and communication equipment, a statement issued by MeitY said. This follows last month's announcement of an HCL-Foxconn semiconductor OSAT (outsourced semiconductor assembly and test) facility to be established near Jewar Airport. This unit will attract an investment of ₹ 3,700 crore and is the sixth semiconductor unit announced under the IT ministry's India Semiconductor Mission (ISM). Uttar Pradesh will also soon unveil a state-level top-up to the Centre's electronics component manufacturing scheme (ECMS), previously reported by HT. The state government is also likely to announce a package worth over ₹ 10,000 crore to attract electronics manufacturers to set up operations in the state. Uttar Pradesh accounts for 25% of India's total electronics manufacturing and contributes a significant 50% to the country's mobile phone production, a senior government official told HT. While Tamil Nadu is often cited as the leader in electronics exports, UP leads in overall manufacturing, with the majority of the state's output coming from the Greater Noida and Yamuna Expressway region, the official added.
