The Yamuna Expressway Industrial Development Authority (YEIDA), on Monday, January 29, approved the plan to develop an expansive 10,500-hectare industrial hub (about half the size of Noida city) along the Yamuna Expressway. The board authorized YEIDA to prepare a detailed project report (DPR) and start procuring land for the same. This strategic initiative is poised to become a nucleus for economic growth, offering a significant boost to the region’s industrial landscape.
Key developments:
YEIDA’s ambitious Master Plan 2041 includes the development of four Special Economic Zones (SEZs), each dedicated to specific industries. SEZ I will host manufacturing units for electronic vehicles and related products, while Zone II will focus on electronic products. SEZ III is earmarked for semiconductors and related products, and Zone IV will be dedicated to data centers. This marks a substantial leap in positioning the region as a major industrial player.
Land allocation and Master Plan:
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The Master Plan allocates 35% of the land for green use, emphasizing environmental sustainability. Industrial development gets a significant share of 23%, while mixed-land development, common use, traffic and utilities, and urban center development make up the rest. This visionary plan encompasses land from 1194 villages along the expressway, integrating housing and facilities for the industrial workforce. Intending to accommodate 3.9 million people, YEIDA envisions a sustainable and efficient urban center prioritizing high living standards.
The board has also given in-principle approval for allocating 125 Acres to Tarq Semiconductors Private Limited, a Hiranandani Group company, signalling a significant investment of INR 17,000 Crore. This project is expected to contribute to employment generation, the development of skilled labor, and increased revenue collection.
Economic Growth and Job Creation:
YEIDA’s project aims to stimulate economic growth, create employment opportunities and develop skilled labor. The holistic approach includes a logistic park in Aligarh, preservation of the heritage city in Mathura, and various projects in Gautam Budh Nagar and Bulandshahr. The economic corridors and the Noida International Airport play a pivotal role in realizing the vision of a globally recognized city.
Vision, Objectives, and Salient Features:
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YEIDA’s vision revolves around creating a sustainable, efficient, and globally recognized city. Key objectives include strengthening the economic base, providing quality infrastructure, ensuring safe and reliable mobility, and fostering a unique identity through culture and public life.
Salient features of the plan include a focus on green urban development, affordable housing, integrated public transport, and a central commercial center with world-class infrastructure.
With a commitment to sustainability, innovation, and inclusive development, this project holds the promise of transforming the area into a dynamic and globally competitive urban center.
Reference:
Yamuna Expressway Industrial Development Authority (YEIDA)
Master Plan – Yeida (yamunaexpresswayauthority.com)
10,500-hectare manufacturing hub with 4 SEZs to come up along Yamuna Expressway – Hindustan Times
YEIDA okays detailed project report of Mathura Heritage City | Delhi News – The Indian Express
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