UP government allots 700 plots to MSMEs near upcoming Jewar Airport

The Uttar Pradesh government has allotted 700 plots to MSMEs near the upcoming Jewar Airport. 

According to a report by The Economic Times, the Uttar Pradesh government has allotted nearly 700 plots to apparel, handicraft and toy manufacturers including micro, small and medium enterprises near the upcoming Jewar airport. 

This could potentially attract an investment upto Rs 30,000 crore in investments. 

Applications were invited by the Yamuna Expressway Industrial Development Authority (YEIDA) for 1050 acres the authority had earmarked in the area. A total of 2,290 applicants were shortlisted and 700 were allotted. 

YEIDA Chief Executive, Arun Vir Singh said, “”We have received more applications than the number of plots available and we expect a total investment of Rs 28,000 crore to Rs 30,000 crore.”

108 plots were allotted to domestic toy manufacturers near the airport which will come in Greater Noida.

The imports from China and Taiwan account for 90% import in the domestic toy market. This initiative will give a boost to local toy manufacturing.

The authority expects it will create 25,000 jobs in the upcoming manufacturing hub.

Shailendra Bhatia, Additional Chief Executive Officer of the Yamuna Authority said, “”With the signing of concession agreement of the Jewar airport, we expect more interest in subsequent schemes.” 

63 start-ups have got the allotment out of the total allotment. The units are expected to create another 700,000 jobs.