News Analysis India

Tag: YEIDA

  • UP planning to set up electronic park, project likely to attract Rs 50,000 crore investment

    Express News Service

    LUCKNOW: The Uttar Pradesh government is planning to develop an electronic park to manufacture electronic accessories in Yamuna Expressway Industrial Development Authority (YEIDA) area.

    Earlier, the state government has also announced a toy park, film city, medical device park, and leather park to be set up in the region.

    According to YEIDA CEO Dr Arun Veer Singh, the electronic park is expected to attract an investment of Rs 50,000 crore in the region and it will provide employment to thousands of local youths.

    “The decision to develop electronic park has been taken in view of the growing interest among industry giants to set up their ventures for manufacturing electronic accessories in Uttar Pradesh. The Park is likely to come up in an area of 250 acres either in Sector 14 or Sector 10 of YEIDA near Jewar Airport”, Singh said.

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    He added that both the national and international companies making mobile phones, TVs, and other electronic goods were expected to establish their units in the park.

    The land for the various projects has been made available to as many as 1,942 investors for setting up their units since the government moved forward with the Jewar International Airport project in the YEIDA area. The 1942 industrialists will be investing Rs 17,272.74 crore to set up their factories which will employ 2.65 lakh people.

    According to YEIDA officials, large numbers of people will get employment at Jewar Airport and other projects including Medical Device Park, Film City, Toy Park, and Leather Park.

    While the Medical Device Park will come up at a cost of Rs 5,250 crore on 350 acres of land in Sector-28 giving jobs to over 20,000 people, over 15,000 will get jobs at the Film City project. Similarly, Toy Park and Leather Park will provide employment to over 10,000 youths each, said a senior state government official.

  • Construction of UP film city to start in January 2022, to cost Rs 65,000 crore

    Express News Service

    LUCKNOW: The construction work on the ambitious film city project is likely to start in Sector-21 of the Yamuna Expressway Development Authority (YEIDA) area of Gautam Budh Nagar district in January 2022.

    The project, the construction of phase I of which will cost around Rs 65,000 crore, is likely to provide employment to 15,000 people.

    According to the high officials, the preparations for the construction of the Film City are in full swing with the approval of the Detailed Project Report (DPR) submitted to the State Government recently by the consultant company CBRE South Asia Private Limited.

    CBRE has to get the bid document ready within three weeks. It will be followed by floating of a global tender to select both companies to undertake the construction process. Both domestic and foreign companies would be able to participate, said YEIDA CEO Arun Vir Singh.

    According to official sources, the selection of the company to build the Film City in three phases will be finalised by December 31, this year. There would be a 40-year agreement with the company to construct the Film City. However, it would not be a lease agreement and the company would be given a licence to work on the project.

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    Spread over an area of 1,000 acres, the sprawling Film City will be built on PPP (public-private partnership) model in three phases. In the first phase, studios, open areas, amusement parks, and villas will come up.

    The decision to build a world-class film city in Greater Noida was taken by UP CM Yogi Adityanath during a meeting with Bollywood who’s who in September, last year.

    Subsequently, 1,000 acres of land was identified in Sector-21 of YEIDA for the proposed Film City.

    The first Film City project of UP envisages the latest technologies in the cinematic medium and it will be called ‘Infotainment City’ also.

    The DPR was prepared by the CBRE South Asia Private Limited after surveying the world’s famous film cities and keeping in mind the proposal of big filmmakers and the policy of the state government. It features the financial model on which the proposed Film City will be built; phase-wise construction cost; the arrangement of funds; time limit for construction; maintenance; revenue and employment generation at the film city and how to develop it as a tourist destination.

    According to YEIDA officials, in the first phase, 80% of the work related to the shooting of films will be completed. It will be followed by the development of hospitality and other business installations.

  • UP to bear half of cost of link road connecting Delhi-Mumbai Expressway with Jewar airport

    By Express News Service

    LUCKNOW: Solving the issue of cost-sharing of the link road joining Delhi-Mumbai Expressway with Jewar International Airport project, Uttar Pradesh and Haryana government have decided to share the cost incurred on road construction equally.

    Earlier, it was not clear who will bear the major burden of cost as the Haryana government has to build a bigger portion  (around 23.5 km of the total 31 km) of the link road. However, the Uttar Pradesh government has committed to share half of the total cost of the link road project.

    The link road is expected to boost the connectivity in the Yamuna Expressway. It will give a push to trade activities in the region apart from making it easy for the fliers from Haryana.

    According to a senior official of the industries department of the UP government, the holistic development of the Ghaziabad-Noida-Dadri industrial corridor investment region has to be kept in mind as the link road between Jewar Greenfield Airport area and Delhi-Mumbai expressway will be helpful in the long term.

    Earlier, the Yamuna Expressway Industrial Development Authority (YEIDA) had given the task of checking the feasibility of building the link road to RITES.

    RITES  had given two options–either to link the Jewar airport site and Yamuna Expressway to Ballabhgarh in Faridabad or to provide an interchange somewhere close to the alignment of the Delhi-Mumbai expressway and Western Peripheral expressway.

    The second option was proposed to cater to the larger population, service providers, and business operators active in Haryana.

    As per the sources, building the spur route to Ballabhgarh seemed more feasible and a proposal in this regard was sent to the state government by YEIDA. The state government’s decision has yet to come.

    Sources said that the Uttar Pradesh government has agreed to share half the cost of the project and will reach out to the special purpose vehicle (SPV) of the National Highways Authority of India (NHAI) that is executing the Delhi-Mumbai expressway project to take things forward.

    About 7.5km out of the total 31km link road will fall in Uttar Pradesh while the remaining 23.5km will come on the other side of Yamuna in Haryana.

    A bridge will be constructed over the river and YEIDA will acquire the land required for the project.

    Officials said preliminary discussions have already taken place with NHAI and funds will be arranged within the next few weeks to start the tendering process.

    However, the YEIDA sources claimed that NHAI’s SPV would be needed only to commission the work. Land and funds would be provided by the two states governments involved.

  • UP’s medical device park worth Rs 5,250 crore to come up in Noida, to generate 20,000 jobs

    Express News Service

    LUCKNOW: With 2022 UP Assembly polls inching close, the Yogi Adityanath government is speeding up various schemes and development works to make them see the light of the day as soon as possible.

    With Yamuna Expressway Industrial Development Authority (YEIDA) ready with the plan for the proposed Film City in Gautam Buddh Nagar and its chairman expected to present it to the Chief Minister soon, another project on the government’s list is UP’s first medical device park for which 350-acre land has been identified also by the YEIDA.

    The park is likely to draw an investment of Rs 5,250 crore and is expected to go a long way in fulfilling the Yogi government’s job promise as it will provide employment to over 20,000 people after getting functional. The park is touted to be UP’s first and north India’s biggest such entity.

    According to a state government spokesman, the medical device park, which will have an incubation centre on a five-acre land, will prove to be a boon for startups.

    He claimed that YEIDA is roping in IIT-Kanpur for setting up the incubation centre of the park and an MoU has already been signed.

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    Chief Minister Yogi Adityanath had written a letter to the Centre to request such a park be sanctioned either in Noida or Lucknow. In the letter, the CM had reportedly said that a medical park in Noida or Lucknow would be feasible in every way.

    However, he had pitched for Noida, saying that the upcoming Jewar International Airport would give direct connectivity to the medical device park.

    The CM requested the Centre to either sanction bulk drugs or medical device parks to UP. However, the reply from the central government was still awaited, sources said.

    “YEIDA has allocated 350-acre land in Sector 28, Gautam Budh Nagar (Noida). The medical device park will come up in two phases,” an official said.

    Meanwhile, according to MSME minister Sidharth Nath Singh denied that the proposed park was an election stunt. He claimed that out of the MoUs worth Rs 4.25 lakh crore already signed during the Investor Summit in February 2018, projects worth around Rs 2 lakh crore were already on the ground.

  • New link road to connect Jewar Airport with Delhi-Mumbai Expressway

    Express News Service
    LUCKNOW: Uttar Pradesh and Haryana governments have reportedly reached an agreement to construct a 31 km long link road to connect the upcoming Jewar International Airport in Noida with Delhi–Mumbai Expressway passing through Ballabhgarh in Haryana. 

    The expressway is just 31 km away from the upcoming international airport at Jewar.

    Highly-placed sources in Yamuna Industrial Development Authority (YEIDA) claimed that both the state governments would acquire the stretch of land required in the respective states and National Highway Authority of India (NHAI) would construct the link road.

    While UP would require to acquire land for seven kilometres stretch of the 31-km link road, rest 24 kilometres stretch would fall in Harayana.

    The link road would reduce the travel time from Jewar Airport to Indira Gandhi International Airport to approximately one hour.

    The 1250 km Expressway connecting Delhi and Mumbai is proposed to pass through Haryana, Rajasthan and Madhya Pradesh. The Expressway, being constructed by the NHAI, is likely to be completed in the next 2-3 years.

    Construction work on the Jewar international airport project got delayed for a year due to the coronavirus pandemic and the subsequent lockdowns and travel bans. The Zurich Airport has won the tender for the construction of the airport.

    The NHAI is already constructing a 92-km long road to link the Expressway with Indira Gandhi International Airport in seven steps. Some sections of this link road are elevated also.

    The distance between Jewar and IGI airports is around 123 km. The speed on link road connecting Delhi-Mumbai Expressway with Jewar Airport would be around 120 km/hour. “After the construction of the link road, people will be able to reach IGI from Jewar in just an hour,” said a senior YEIDA officer.