New Delhi, December 28, 2024.
The Yamuna Expressway Industrial Development Authority (YEIDA), anchored by the upcoming Jewar International Airport, is set to transform the region into a global economic hub. Spread over 5,000 hectares, the airport will be Indias largest, enhancing connectivity and attracting investments in logistics, manufacturing, and tourism. The CEO of YEIDA and CEO of Noida International Airport Ltd (NIAL),Dr Arun Vir Singh, in an interview, spoke about the authoritys planned industrial clusters, smart cities, and seamless infrastructure aim to boost employment, foster exports, and drive regional GDP growth. He also spoke of how Jewar Airport positions Uttar Pradesh as a key player in global trade, promising robust economic growth and opportunities for businesses and residents alike. Excerpts:
The Uttar Pradesh government established Noida with the vision of creating an industrial township to attract major companies. When Noida approached saturation, Greater Noida was developed. During that period, the Yamuna Expressway Industrial Development Authority (YEIDA) was also formed to further expand industrial opportunities in the Gautam Budh Nagar district. Noida has become a key hub for software technology parks (STPs), with manufacturing playing a major role. Greater Noida is evolving as an IT cluster and manufacturing centre, hosting companies like Oppo and other IT firms.
In the YEIDA region, industrial clusters are being developed, including apparel parks, handicraft parks, MSME parks, data parks, semiconductor parks, toy parks, electronic manufacturing parks, and software parks. These clusters are strategically located near the international airport in sectors 28, 29, 32, and 33. Since 2020, around 3,082 industries have been allotted land in these clusters. Several major companies, such as Avery Dennison (a Fortune 500 company), Bikanerwala, Surya Global Flexifilms, and Vivo, have commenced operations. Vivo alone manufactures around 200,000 mobile phones daily. Approximately 169 companies have obtained construction approvals, and their facilities are underway. The pace of remaining developments will accelerate with the operationalization of the airport.
