The Government of Uttar Pradesh has cleared a proposal to develop an Electronic Park for electronic accessories in Yamuna Expressway Industrial Development (YEIDA) area.
According to the proposed government estimates the new Electronic Park is likely to attract an investment of Rs 50,000 crore and provide employment to many thousands of local youths, according to reports.
“The decision to develop electronic park has been taken in view of the growing interest among electronic industry giants to set up their ventures in Uttar Pradesh due to the investor-friendly policies of the Government. The Park is likely to be developed in an area of 250 acres either in Sector 14, or Sector 10 of YEIDA near Jewar Airport,” said senior IAS officer and YEIDA CEO Arun Veer Singh.
The report further added that this project is among the latest announced by the state government in the last one year. The state government has so far cleared projects including Toy Park, Film City, Medical Device Park, and Leather Park in NCR.
The Toy Park and Leather Park will provide employment to over 10,000 youths each. The Electronic Park will also boost employment prospects.
These projects are likely to attract major investments as the work at the Jewar Airport in NCR has also started. Following the launch of Jewar Airport project about 1,942 industrialists have announced invests to the tune of Rs 17,272.74 crore, which includes setting up new units.
“National and international companies making mobile phones, TVs and other electronic goods will establish their units in the park. The investors are impressed by the State Government’s policies to promote electronics industry,” added Singh.
According to YEIDA, a large number of industries plan to invest in the after the state government cleared a key proposal of opening a new airport in Jewar.
As per government estimates the proposed Medical Device Park will be built at a cost of Rs 5,250 crore on 350 acres of land in Sector-28 and will offer employment to more than 20,000 people. Also over 15,000 people are likely to get jobs at the proposed Noida Film City, the report explained.
