NOIDA: Gautam Budh Nagar seems to have emerged as one of the top destinations for investors in the state.From Adani, Godrej and M3M to IKEA and the Lulu Group, as many as 1,333 MoUs have been signed by leading domestic and international companies with various departments of Gautam Budh Nagar for investments worth Rs 7.85 lakh crore, ahead of the UP Global Investors Summit.Of the three industrial development authorities – Noida, Greater Noida and Yamuna Expressway – that function here, YEIDA has sealed 92 MoUs worth Rs 1.03 lakh crore, followed by the Noida Authority (362 MoUs worth Rs 88,500 crore) and the Greater Noida Authority (110 MoUs of Rs 74,000 crore).In fact, the land bank-rich Yamuna Expressway Authority and the upcoming Dadri-Noida-Ghaziabad Investment Region (DNGIR) spread over 21,000 hectares, coupled with the upcoming mega projects like Noida International Airport, Film City and Medical Device Park, have made the district a sought-after location for setting up industries.The Noida Authority will present DNGIR as a major investment avenue at the UP Global Investors Summit. Recently, it signed an MoU with the Adani Group for investments worth Rs 5,000 crore.Noida Authority OSD Avinash Tripathi said, “The Adani Group will be given land in DNGIR as over 200 acres of land has been sought for setting up a warehouse. For companies needing huge parcels of land, DNGIR is a good option for the investors.”The Adani Group has also sought 700 acres of land near the Jewar airport to develop an industrial and warehousing complex with a commitment to invest Rs 5,500 crore in the project. Besides, 250 acres have been sought for setting up a skill-development centre in the YEIDA region. However, a final decision has not yet been taken on them.More than 1,300 industrial units are expected to become operational in the next five years in DNGIR. Altogether DGNIR is expected to see an investment of over Rs 5 lakh crore over four phases and generate over 10.2 lakh jobs.”The UAE-based Lulu Group has signed an MoU of Rs 2,500 crore for opening a mall in Noida. Besides, IKEA has pledged an investment of Rs 4,300 crore while Godrej which has been allotted plots for developing two group housing societies will make an investment of Rs 2,400 crore,” Tripathi said.Real estate company M3M India, which has acquired 13 acres in Noida, has committed Rs 7,500-crore investment for the Investors Summit. There are over 18 companies with investments of more than Rs 1,000 crore in Noida.Anil Kumar, deputy commissioner (industries), Gautam Budh Nagar, said, “The district has received intents of over Rs 9.29 lakh crore from 1,369 investors, promising to generate over 24.77 lakh jobs. Of these intents, 1,333 MoUs worth Rs 7.85 lakh have been signed.”Kumar said that other departments like agriculture, basic education, additional sources of energy, excise, food safety and drug administration and transport have also signed MoUs with investors.YEIDA CEO Arun Vir Singh said, “The roadshows held in India and abroad in the run-up to the Summit helped in advertising the Authority to the world. As a result, companies from Japan, Korea, Sweden and Denmark among others have shown eagerness in setting up not only factories but also industrial townships in coming years.”
Source: https://timesofindia.indiatimes.com/city/noida/ikea-to-lulu-noida-inks-deals-worth-rs-7-9-lakh-crore/articleshow/97786718.cms
