Industries dept: 6,000 factories set up in Noida, Greater Noida last fiscal, generated 50K jobs | noida | Hindustan Times
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Industries dept: 6,000 factories set up in Noida, Greater Noida last fiscal, generated 50K jobs

Factory owners in Noida have been repeatedly seeking representation on the Noida authority board and have also appealed to the Bharatiya Janata Party leadership. Also, industrial associations have been demanding better banking services in the city.

noida Updated: Apr 25, 2017 23:06 IST
Kapil Datta
As per the data, as many as 4,640 of the factories that were set up were petty and small industries, with a capital investment less than ₹25 lakh each.
As per the data, as many as 4,640 of the factories that were set up were petty and small industries, with a capital investment less than ₹25 lakh each. (Sunil Ghosh/HT File)

Contrary to complaints by various industries’ associations that the environment in the district is not conducive for industrial growth, the industries department has revealed that nearly 6,000 industrial units were set up in Noida and Greater Noida in the last financial year. Officials said that over 50,000 jobs were generated as a result.

Factory owners in Noida have been repeatedly seeking representation on the Noida authority board and have also appealed to the Bharatiya Janata Party leadership. Also, industrial associations have been demanding better banking services in the city.

Another issue faced by factory owners pertained to the Noida authority order that directed them to remove generator sets from roadsides last year.

Also, they had asked the prime minister to ban import of Chinese products to boost their sales.

GP Goswami, the assistant commissioner of industries, said, “Around 5,960 industrial units were set up in Gautam Budh Nagar, mainly in the industrial areas of Noida and Greater Noida in the financial year 2016-17. As many as 50,670 persons were employed in these companies and around ₹1,146 crore was invested.”

As per the data, as many as 4,640 of the factories that were set up were petty and small industries, with a capital investment less than ₹25 lakh each.

The total investment in these industries is projected at ₹213 crore and these industries generated employment for 28,998
people.

It was revealed that 1,046 industries with a capital investment between ₹25 lakh and
₹1 crore were set up, with a total investment of ₹297 crore and generated 11,505 jobs.

Officials said that 201 units with an investment between
₹1 crore and ₹5 crore were set up, with a total investment of ₹232 crore that provided employment to 4,096 people.

Around 73 units with a capital investment of ₹5 crore to ₹10 crore were set up at a cost of ₹402 crore, which generated 6,069 jobs.

However, existing industries demand better attention and resolution of their problems.”Authorities should put a thrust on retaining existing industries by providing uninterrupted power supply and wholesale raw material markets in Noida and Greater Noida,” said Ashwani Mahendru, a representative of Indian Industries Association.

The industries department also released product-wise data. As many as 1,335 information technology and electronics units were set up with a total investment of ₹176 crore and generated 9,828 jobs. Also, 1,421 service units, at an investment of
₹208 crore, employing 10,077 persons, were set up.

Around ₹10 crore was invested in 19 food product manufacturing units, which generated 517 jobs. Investment of ₹35 crore was made in hosiery and garment industries in setting up 478 units and employing 6,960 persons.

Also, 23 rubber and plastic production units were set up at a cost of ₹20 crore and 604 persons employed.

Another major segment, of 475 units dealing with metals, were set up at ₹41 crore and generated 5,872 jobs.

Association of Greater Noida Industries senior vice president Aditya Ghildyal was sceptical about the numbers.

“No major MNC has come up in the city and even the medium industries set up here in the last few years faced problem from the authorities for various clearances. The law and order situation was pretty bad and despite it being zero power cut zone, the power supply was bad.”