Authority to develop a pharma hub along Yamuna Expressway
Officials said the pharma hub to be developed in Sector 33 is expected to create around 40,000 jobs.noida Updated: Jul 27, 2017 23:31 IST
Acting on chief minister Yogi Adityanath’s instructions, the Yamuna Expressway Industrial development authority (YEIDA) has decided to carve out a dedicated sector to set up a pharmaceutical hub.
Officials said the pharma hub to be developed in Sector 33 is expected to create around 40,000 jobs, officials said.
The authority’s chief executive officer Arun Vir Singh on Thursday held a meeting with town planning and other departments to discuss ways and means to develop Sector 33, located along the165-km Yamuna Expressway that connects Greater Noida with Agra.
The authority had earmarked 100 acres of agricultural land for the project. The authority already has 50 acres in its possession. It will purchase the remaining 50 acres from farmers very soon.
The land is located near Muradnagar village along the Yamuna E-way.
“Many pharmaceutical firms have evinced interest in setting up their units along the Yamuna Expressway. Now that we have carved out a dedicated sector, we will talk to them again and list all of them who want to set up units. Then we will develop facilities in this sector as per their requirement,” said Singh.
“The rate for plot allotment and their size will be finalised later after discussing the requirement of the agencies,” said the CEO.
The Bharatiya Janata Party had in its manifesto before the Uttar Pradesh assembly polls promised a medical hub.
“Pharmaceutical units are located mostly in south Indian states or in Baddi in Himachal because of the incentives and tax benefits they are offered there. We want to create a conducive environment wherein pharmaceutical companies can come here to set up units and manufacture their products,” said the CEO.
The authority is ready to give them the required infrastructure to develop laboratories for their use.
“We will provide them required water and electricity supply. We want them to set up their base here because it will employ around 40,000 professionals and also help in providing cheap medicines,” said another YEIDA official.
The YEIDA wants pharmaceutical companies tp set up research and development centres along with their manufacturing units here.