The Uttar Pradesh government on Friday, November 17, approved 1,780 INR-Crore to YEIDA (Yamuna Expressway Industrial Development Authority), to acquire agricultural land for industrial development around the upcoming Noida International Airport in Jewar, along the Yamuna Expressway.
The state government will release the funds shortly as an interest-free loan for 25 years to the authority. YEIDA will contribute an equal amount to the projects and will acquire land across 3,000 acres in the ongoing financial year and make it available to interested investors.
The allotted fund will be used for acquiring land for the Logistics hub in Tappal, warehousing projects in Bajna, Medical Devices Park in Sector 28, medium and small micro-enterprise units in Sector 7 and 10, Handicrafts Park in Sector 29, Apparel Park in Sector 32 and other projects.
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