Noida: Authorities present investment details during CM’s pre-summit review
The Noida, Greater Noida and Yamuna Expressway industrial development authorities presented details of the MoUs to be signed in the Uttar Pradesh Investors’ Summit-2018. The three authorities together will sign 75 MoUs with various investors.noida Updated: Jan 31, 2018 23:53 IST
Chief minister Yogi Adityanath reviewed preparations for Uttar Pradesh Investors’ Summit-2018 on Wednesday in Lucknow, where officials from the Noida, Greater Noida and Yamuna Expressway industrial development authorities presented details of the memoranda of understanding (MoUs) to be signed in the summit.
A memorandum of understanding details the terms and conditions under which an investor will set up industry and create employment.
On Tuesday, Uttar Pradesh industrial and infrastructure development commissioner Anup Chander Pandey had, through video-conferencing, asked the Noida and Greater Noida authority chief executive officers (CEOs) to start preparations for the upcoming investors’ summit.
“We have completed formalities related to the summit. According to the instructions we received from the state government, we are taking all steps necessary to create employment in this region by encouraging investors,” Greater Noida authority CEO Debasish Panda said.
“We have made a list of all MoUs to be signed in summit scheduled for February 21-22 in Lucknow. We have a total of 50 MoUs to be signed with different investors. Noida will sign 15 and the YEIDA will sign a total of 10 MoUs with investors with an aim to create jobs,” a Greater Noida authority official said.
The three authorities together will sign 75 MoUs with various investors.
According to officials, the Greater Noida authority will sign 50 MoUs worth ₹5,000 crore, the Noida authority will sign 15 MoUs worth around ₹5,000 crore and the YEIDA will sign 10 MOUs worth ₹6,315 crore.
Talking about YEIDA purportedly raking in more investments, a Greater Noida authority official said, “Noida and Greater Noida do not have much land left to be allotted for industrial purposes, but the YEIDA has huge scope for setting up industries along the 165km Yamuna Expressway.”
Officials said 10 investors, who have agreed to sign MoUs, will create around 6,000 jobs along the Yamuna Expressway that connects Greater Noida with Agra.
In Noida and Greater Noida areas, 65 investors are estimated to create 10,000 jobs in the time to come.
The Noida authority has decided to develop three dedicated sectors—155, 156 and 157—for setting up industries.
In January, it had allotted 121 industrial plots.