Greater Noida development body eyes Rs 800 crore from industrial plots scheme


The Greater Noida Industrial Development Authority has launched a scheme to provide industrial plots to investors.

“The allotment for the land will be done through interview or draw in the first week of November on the basis of the applications received till October 31. With these allocations, the Authority is expected to rake in about Rs 800 crore and provide job opportunities to around 3,000 people, “said a senior official.

Greater Noida CEO Narendra Bhushan said that industrial plots will be allotted in the Authority’s Ecotech-10, Ecotech-One, Extension One, Ecotech-8, Ecotech-6, Ecotech-11 and 16 sectors. Green category industries which are non-polluting can be set up on these plots, ranging from 450 sqm to 20 acre.

“GNIDA has decided to set up eight new industrial sectors to meet investors’ demands. To facilitate this, the process of buying about 900 hectare of land has been initiated. In 2020, plots ranging from 1,000 sqm to 20 acres were provided to 48 investors,” Bhushan said.

Sources said that in the past 4.5 years, 391 investors from across the country and abroad have purchased land under the Greater Noida Authority to set up factories. These projects have brought in investments to the tune of Rs 26,530 crore. These include Chinese companies like Oppo and Vivo, the Hiranandani Group and Inox Air etc.

Neha Lalchandani, TNN, Lucknow

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