Noida to See Japanese, Korean Industrial Cities
Life & Style

Noida to See Japanese, Korean Industrial Cities

The Yamuna Expressway Industrial Development Authority (YEIDA) will soon begin acquiring land in Sector 7 to develop Japanese and Korean industrial cities, say reports. Both the cities are planned to be developed on about 500 acres each. The authority also plans to build a semiconductor and electronics manufacturing hub in Sector 10.

The semiconductor cluster will be developed on 700 acres, while the electronics cluster will be set up on more than 300 acres of land. The land will be acquired for this project, where companies from India and outside can invest. YEIDA expects an investment to the tune of Rs 1 lakh crore and a job creation for 65,000 people here.

The Noida, Greater Noida and the Yamuna Expressway industrial development authorities conducted roadshows for investors from Japan, South Korea and Singapore this month. Delegations from the three industrial bodies were on a 9-day-long foreign tour to organise roadshows there. The objective was to brief potential investors about the current plot schemes, encourage them to sign contracts, and set up industrial units in the three industrial cities.

The three authorities have launched plot schemes for group housing societies, hotels, shops, hospitals and nursing homes ahead of the UP Global Investors’ Summit to be held in February 2023.