In order to boost the industrial infrastructural around the Jewar International airport, the Yamuna Expressway Industrial Development Authority (YEIDA) is in the process of setting up a ‘textile park’. The Authority revealed this information after holding a recent meeting with Noida Apparel Export Cluster (NAEC) in which it has agreed to allot a 200-acre land to 100 textile businessmen.
Giving more details, Arunveer Singh, CEO, YEIDA, said, “The textile park will give a boost to the garment industry in Noida and Greater Noida. The Jewar international airport will help in the import and export of goods. The land will be allotted to the textile investors in few days. The textile park will also create nearly 5 lakh employment out of which 90% of the workers will be women.”
Welcoming the move, Lalit Thukral, president, NAEC said that Noida-Greater Noida area is a textile hub. Both the areas produce readymade garments and the annual export is nearly Rs 14,000 crore. The domestic readymade garment market also has an annual turnover of Rs 3,000 crore.
“The land in Noida and Greater Noida is costly; hence, the businessmen are planning to expand their business in neighbouring areas. Hence, Jewar is an ideal option,” added Thukral.
As per YEIDA officials, the textile park will get ready in the coming three years. To give a boost to traditional industries, the UP government came with a unique idea of ‘One District–One Product (OD-OP)’ where they will be highlighting particular products for which the district is famous for. In this respect, Gautam Budh Nagar district will be promoted for ready-made garments.
Two days back YEIDA has launched a scheme to allot land to set up industries near the proposed Greenfield Noida International airport. It is an online process where land above 4000 sq. meter will be given to prospective industrialist or companies based on a document submission and interview. These industries include textiles, telecommunications, X-ray machines, air-conditioning, copper metal parts, cotton, cycle, milk testing and its products etc.
While the price of the land upto 4000 sq. meters is Rs 6,405 per square meter, an additional 4,000 to 8,000 sqm of land would be charged at the rate of Rs 5,460 per square meter.
Once the allotment process will complete, the allottees shall commence construction within six months of taking over possession of the plot. It is also mandatory to also complete the construction within the prescribed time frame from the date of execution of lease deed.