69 firms allotted land near Jewar airport; Rs 2,300 cr investment expected

Notably, readymade garments are the representative item for Gautam Buddh Nagar under the Yogi Adityanath-led Uttar Pradesh government's 'One District, One Product' initiative.
Notwithstanding the Covid-19 outbreak, 69 firms were allotted industrial land near the upcoming Jewar airport between May and July, with officials expecting investments of over Rs 2,300 crore and creation of over 86,000 jobs in the region.

These firms have been allotted 146.50 hectares of land during the three-month period when economic activities largely remained curtailed due to the pandemic, according to Yamuna Expressway Industrial Development Authority (YEIDA) officials.

There was no industrial land allotment in April, the first month of the current fiscal year.

In May, nine firms were allotted 37.50 hectares of land with a proposed investment of Rs 1,285.58 crore and an expected creation of 5,996 jobs, YEIDA's officer on special duty Shailendra Bhatia said.

In June, 16 firms were allotted 25.88 hectares of land with a proposed investment of Rs 315.70 crore and an expected creation of 26,686 jobs, Bhatia told PTI.

The maximum allotments were made during July when 44 firms were allotted 83.27 hectares of land with a proposed investment of Rs 786.93 crore and an expected creation of 53,763 jobs, he added.
"Altogether, 69 firms were allotted industrial land in sectors 29, 32, 33 near the upcoming Jewar airport during May, June and July with expected investments of Rs 2,388.11 crore and creation of 86,445 jobs in the region," Bhatia said.

Sector 29 is being developed for an Apparel Park project which will house several firms dealing in readymade garments, according to the officials.

Notably, readymade garments are the representative item for Gautam Buddh Nagar under the Yogi Adityanath-led Uttar Pradesh government's 'One District, One Product' initiative.

Meanwhile, work is underway for the first phase of the international Greenfield Airport in Jewar which will be spread over 1,300 hectares and start functioning after two years.

When fully built, the airport would be spread over an area of 5,000 hectares and is touted to be India's biggest aviation project at a cost of Rs 29,560 crore, according to the officials.


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel