Chinese delegation looks to invest in G Noida | noida | Hindustan Times
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Chinese delegation looks to invest in G Noida

noida Updated: Oct 16, 2015 14:07 IST
Vinod Rajput
Vinod Rajput
Hindustan Times
Noida

The delegation’s visit comes after 16 electronics manufacturing units in August agreed to invest Rs 5,000 crore in several projects to be developed on 210 acres in Greater Noida’s sector Ecotech-VI and VII. (HT Photo)

A 23-member delegation from China on Thursday visited Greater Noida to explore investment opportunities.

Authority officials said Chinese entrepreneurs want to set up heavy industries in Greater Noida because this industrial township is on its way to get a freight corridor along the rail route.

“We have briefed the delegation about our various schemes on industrial plots and subsidies. We gave them a presentation about the infrastructure and added facilities that Greater Noida has to offer as compared to other cities. They will get back to us with their business plans,” said Deepak Aggarwal, acting chief executive officer (CEO) of the Greater Noida authority after meeting the delegation.

The delegation’s visit comes after 16 electronics manufacturing units in August agreed to invest R5,000 crore in several projects to be developed on 210 acres in Greater Noida’s sector Ecotech-VI and VII.

Representatives from Sany Heavy industries Co Ltd, GCL, Chint Electronic Co Ltd, CM and XUE JIAN were some members of the delegation. The members inspected industrial land in Greater Noida. After visiting the industrial belts, the visitors were given a presentation at the authority’s Chitvan Estate office.

The delegation is visiting many cities in India, including Greater Noida and Hydrabad, to look for places to set up units, officials said.

“Entrepreneurs want to set up units that deal in solar energy, bio industry, electronic products, logistics, realty and electricity etc. They are interested in Greater Noida because, in future, they will be able to avail transport facility through the freight corridor, a public transport facility for industrial use along the rail route connecting the city with other cities. Very few cities will have this facility,” Aggarwal said.