The Greater Noida Industrial Development Authority (GNIDA) has announced the launch of a scheme for the allotment of 44 industrial plots. The authority predicts a solid revenue of Rs 5,000 crore from this initiative, which is also set to generate around 10,000 employment opportunities.
Situated at the crossroads of the Western and Eastern Dedicated goods Corridors, Greater Noida Industrial Area serves as the entrance to the Delhi-Mumbai Industrial Corridor (DMIC) and falls within the National Capital Region, adjacent to New Delhi. Functioning as one of Asia’s largest industrial townships, it is positioned alongside Noida. The integrated township is evolving into India’s most advanced city, a urban development hub within the National Capital Region, and a rapidly growing center point. Greater Noida Industrial Area stands as a modern example of forward-thinking town planning.
The industrial plots, varying in sizes from 135 square meters to 20,354 square meters, are located across six sectors. This move is a response to the growing demand from entrepreneurs seeking opportunities in Greater Noida, which has established itself as a key hub for industrial investments.
GNIDA CEO NG Ravi Kumar expressed o about the scheme, stating, “Greater Noida has emerged as a hub of industrial investment. Keeping in view the demand and need of entrepreneurs, the scheme has been launched. Possession of the plot will be given within the stipulated time. With this, thousands of youngsters will get employment opportunities along with investment in the region.”
The allotment process for these plots will be conducted through interviews, ensuring a fair and transparent selection procedure. The authority expects to secure approximately Rs 5,000 crore from the reserve price with the allocation of these 44 plots. This injection of capital into the region is expected to stimulate economic growth and development.
The GNIDA highlighted the potential impact of this initiative, projecting an investment of Rs 5,000 crore and the creation of both direct and indirect employment opportunities for around 10,000 young individuals. The move aligns with the wider goal of boosting economic development and attracting investments to the region.
To facilitate the application process, the GNIDA has released brochures detailing the scheme. Interested parties can apply through the GNIDA website, that is, greaternoidaauthority.in or the Uttar Pradesh government’s portal, that is, niveshmitra.up.nic.in. The registration deadline is set for February 19, providing interested entrepreneurs with a window of opportunity to participate in this promising scheme.
After the allotment process concludes, the GNIDA aims to make the plots available for possession within a month, ensuring a swift and efficient implementation of the scheme. This commitment to timely possession aligns with the authority’s efforts to create a productive environment for businesses to establish and flourish.
