Uttar Pradesh: Electronics City Near Upcoming Jewar Airport To Attract Rs 40,000 Crore InvestmentCM Yogi Adityanath

Within days after the Uttar Pradesh cabinet had approved a 700-acre Electronics City project near the upcoming Noida International Airport, the government estimates that the project would attract investments to a tune of Rs 40,000 crore, reports The Times Of India.

The Yogi Adityanath government plans to establish separate clusters for companies from Taiwan, Japan and South Korea as these three countries have a strong base in electronics.

A team from Yamuna Expressway Authority in which the Electronic city is located will be travelling to these countries to interact with potential investors.

“The government is looking at a possible investment of Rs 40,000 crore in the Electronics City. Each proposed cluster here would be set up in an area of 200 acres and out of this, 150 acres would be allotted to electronics companies. Subsidies and other benefits would be offered to companies interested in setting up their units in these clusters,” said a government spokesperson.

“It is expected that especially foreign companies could be investing several crores under the new policy and scheme. This would result in job creation for lakhs of youth. The Electronic City is coming up near the upcoming Jewar Airport which will make the project even more viable for investors,” the spokesperson said.

Uttar Pradesh is fast emerging as an electronics manufacturing hub. The state has successfully achieved the five-year target set for the electronics manufacturing sector in just three years, attracting investments of more than Rs 20,000 crore and generating employment opportunities for three lakh people.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement