Gautam Budh Nagar Signs Investment Proposals Worth ₹5,87,000 Crore

Gautam Budh Nagar Signs Investment Proposals Worth ₹5,87,000 Crore

The Gautam Budh Nagar Industrial Department said on Friday that it has signed investment proposals worth ₹5,87,000 crore in the past two months with businesses interested in setting up units in Noida, Greater Noida and under the jurisdiction of the Yamuna Expressway Industrial Development Authority (Yeida).

The department now hopes that at least 33% of these investment proposals materialise within the next one or two years so that new opportunities can be created and employment generated. “We are making efforts so that all of the proposals are realised and the district performs better,” said Anil Kumar, Deputy Commissioner of the District Industries Centre (DIC), Gautam Budh Nagar.

The Noida and Greater Noida authorities and Yeida, on the direction of the Uttar Pradesh government, organised road shows and events to attract investors to the district last year. The government has engaged all departments and industrial bodies to attract investors in the run up to the global investors’ summit to be held in the state on February 12, said officials.

The DIC said 884 proposals for various departments have been submitted by domestic and international investors so far. Of these, 294 are for medium, small and micro enterprises and export promotion. The other proposals include 199 for Noida, 88 for Greater Noida and 45 for Yeida; 67 proposals are IT related, 41 are for handloom units, and one is for a food supply unit.