Yamuna Expressway new investment destination

Industrialists are looking at Yamuna Expressway as an investment destination after the land prices spiraling in Noida. While several NRIs have shown interest in investing in area under the Yamuna Expressway industrial Development Authority (YEIDA ) Some were interested in setting up beer unit which Will use potato as raw material. Alighar’s hardware and lock industry too attracted the investors.

Some of them will soon be submitting their proposals, after several rounds of talks with YEIDA officials.

“Around 1,100 industrial plots allotment has been made in last one year. We are getting demand from food processing and electronic units,” said PC Gupta, chief executive officer, Yamuna Expressway Industrial Development Authority (YEIDA)

Rajesh Goyal, Indian Industries Association (IIA) Agra Chapter representative, said “investors are showing interest in Diesel Generators, IT Units, Education, food processing industries. In food processing American and investors from the Netherlands are keen to set up unit here. In Hathras area, investors are interested in ‘Setting up cold storages.”

“In Noida and Greater Noida cost of land is very high. It almost constitutes more than 50 per cent of the cost of the project. Now industrialists will prefer to move beyond the twin cities. Yamuna Expressway has provided fast connectivity for them so they can think of setting up units in Aligarh, Mathura and Agra region” said Ashwini Mahendru, IIA Noida Representative.

“Though medium and heavy industry may be set up outside the twin cit-ies but small scale units are expected to select Noida or Greater Noida. As thrust of state government is for setting up of units at undeveloped areas, Yamuna Expressway’s 165 kilometer stretch has enough undeveloped areas for such projects.” Said RK Yadav, Deputy Commissioner, Gautam Budh Nagar District Industry Centre.