Noida Entrepreneurs’ Association wants two of its members on Noida board

Noida Entrepreneurs’ Association (NEA) has demanded the inclusion of two industrialists on the Noida authority board

noida Updated: Apr 20, 2017 10:04 IST
Noida,Noida authority,NEA
The NEA delegation met Noida authority CEO Amit Mohan Prasad on April 19.

Noida Entrepreneurs’ Association (NEA) has demanded the inclusion of two industrialists on the Noida authority board. The industries’ body feels that industrialists can play an important role in formulating the industrial policy and addressing problems faced by them.

Noida is an industrial development authority with a presence of over 8,000 factory units, which employ around 6 lakh workers.

A delegation of NEA led by its president, Vipin Malhan, on Wednesday met the chief executive officer (CEO), Amit Mohan Prasad, who took over the reins of Noida authority on April 13. They submitted a memorandum to the CEO, demanding resolution of the issues that have been adversely affecting industries in Noida.

“We have demanded that two persons associated with Noida industries are on the board of Noida authority, for highlighting the issues faced by us. Noida is an industrial city and industrialists must have a say in the policies made for them,” said VK Seth, general secretary, NEA.

He said that the Noida authority should not have a problem in including industrialists, who are stakeholders in the city’s industrial growth, on its board. “In the brief interaction with the new CEO, we could gather that he wants to encourage industrial activity in Noida,” said Seth.

The NEA delegation also urged Prasad to allow more time for allottees of industrial and IT plots to pay hiked land compensation to the farmers.

As per a high court order, farmers are to be given 64% hiked compensation for land acquisition. Industrialists say that Noida authority is refusing to give them permission to mortgage their property, time extension for using the allotted plot or transfer of property and change in constitution from the Noida authority unless the allottees pay the hiked compensation.

“Industry is going through a bad patch. We are only urging the Noida authority to be a little considerate and recover the land compensation amount from industrialists and IT plot holders in half-yearly, annual or more instalments, and give permissions to the allottees so that it does not hamper their functioning,” said Malhan.

First Published: Apr 19, 2017 23:40 IST