Latest news with #EMC2.0
Time of India
3 days ago
- Business
- Time of India
3 tech majors to set up units on 120 acres, invest 4k cr off eway
Noida: Yamuna Expressway Industrial Development Authority (YEIDA) has issued letters of intent to three companies for setting up manufacturing units near the upcoming Noida International Airport, marking a combined investment of around Rs 4,000 crore. Tired of too many ads? go ad free now Two of these companies will be allotted land in the upcoming Electronics Manufacturing Cluster (EMC) 2.0 in Sector 10, which spans 206 acres. Ascent-K Circuit will receive 16 acres to manufacture high-end printed circuit boards (PCBs), including HDI, flex, multilayer types, and semiconductor substrates, while Aurionpro ToshiAutomatic Systems, which specialises in industrial automation and smart transit and mobility solutions, will be allotted five acres as a member of a Special Purpose Vehicle (SPV) under the central govt's EMC 2.0 scheme. Both units will be a part of the cluster approved by the ministry of electronics and information technology (MeitY), with Havells India Ltd, the anchor investor, already securing an allotment of 50 acres. The EMC 2.0 project received in-principle approval from MeitY in April this year. Amber Enterprises India Ltd, of which Ascent is a part, will be allotted another 100 acres in Sector 8 to manufacture copper-clad laminates, PCB assemblies, consumer electronics, and home appliances. Amber and Ascent together are expected to invest around Rs 4,000 crore across the two projects. Ascent is also expected to form a joint venture with some Korean firms for the PCB manufacturing venture. YEIDA CEO Arun Vir Singh confirmed that the land allotments are subject to approval by the Invest UP empowered committee and state policy guidelines. "Land acquisition is underway in Sector 8 and the LoI for the 100-acre plot, along with others, is provisional, pending regulatory clearances," he added. Tired of too many ads? go ad free now These companies are the latest in a growing list of firms investing in the YEIDA region near the Noida International Airport. At least eight companies have announced plans to invest nearly Rs 12,000 crore in the region, driven by the dedicated industrial parks and state's FDI and Fortune 500 investment policies. Among those that have already secured land allotments is Fuji Silvertech Concrete Pvt Ltd, an Indo-Japanese joint venture, which is setting up a precast concrete product manufacturing unit on 20 acres in Sector 32. It was the first company to be allotted land under Uttar Pradesh's new FDI policy announced in November 2023. TI Medical Private Limited, a joint venture between the Fortune India 500-listed Tube Investments of India (TII) of the Murugappa Group and Premji Invest, has secured an 11-acre plot in the Medical Device Park in Sector 28. Minda Corporation Limited, in partnership with Korea's Daesung and India's Loconav, has been allotted 22 acres in Sector 24 to produce ignition switches and steering locks for automobiles. Additionally, Minda has proposed a separate project in Sector 10 to manufacture wire harnesses and other automotive components on 10 acres, which has been approved by the state's empowered committee. Vama Sundari Investments Pvt Ltd, part of the HCL Group, is collaborating with Taiwanese electronics major Foxconn to establish a semiconductor manufacturing facility on 48 acres in Sector 28. Escorts, in a joint venture with Japan's Kubota Corporation, plans to build a large tractor manufacturing plant on 200 acres in Sector 10. Another major investment comes from Pine Valley Ventures Pvt Ltd, which aims to set up a readymade garments and accessories unit on a 20-acre plot in Sector 10. Poly Medicure Ltd has also applied for 7 acres in Sector 28's Medical Device Park to set up a medical equipment manufacturing unit.
Time of India
19-05-2025
- Business
- Time of India
YEIDA will power up ₹450 crore tech hub near Noida airport
NOIDA : Yamuna Expressway Industrial Development Authority ( YEIDA ) has started the process to hire a consultant for designing and managing the infrastructure development of Sector 10, where a tech hub is planned at an estimated cost of over Rs 450 crore. The cluster, located near Noida International Airport , will be developed across 206 acres. A senior YEIDA official said, "This project will not only create a robust electronics hub but also generate employment at scale." The entire cluster is scheduled to be completed by Jan 31, 2028. Officials expect it to create over 11,000 direct jobs and approximately 20,000 indirect (total 31,000) jobs once fully operational. A YEIDA official said the cluster's location near the upcoming airport, the Delhi-Mumbai Industrial Corridor and the dedicated freight corridors makes it ideal for attracting both Indian and international companies. The main highlight of the project is the 50-acre land — out of 206 acres — allotted to Havells, the anchor unit. The company plans to invest Rs 800 crore to set up a manufacturing unit for products like fans, air conditioners, switchgear, cables and lighting equipment. The unit is expected to be ready by 2026 and will provide jobs to over 1,000 people in the first phase. The Centre has approved Rs 144 crore for the project under the electronics manufacturing cluster (EMC 2.0) scheme, while YEIDA will contribute over Rs 340 crore. The Centre had approved the EMC 2.0 last month, with Havells as the anchor unit. YEIDA CEO Arun Vir Singh said the Centre's approval is a big boost for the state's goal of becoming an electronics hub. Vir Singh said, "Now that the Centre has approved the project, we will allot land to Havells and begin work on developing the rest of the cluster. We believe this will attract several electronics component makers and supporting units." Besides Havells' 50-acre plot, the cluster will feature 66 other plots spread over 106 acres. Sixty-six other plots, spread over 106 acres, include 32 plots of 1,000 sqm, 18 plots of 2,100 sqm, six plots of 8,094 sqm and two each of 1,760 sqm, 3,300 sqm, and 15,176 sqm. Additionally, one plot each of 14,164 sqm, 20,234 sqm, and 32,375 sqm will be offered. The cluster has been meticulously planned. Of the total 206 acres, 39 acres have been earmarked for essential infrastructure, including roads, green belts and utilities. The remaining land will be used for industrial development.
Hindustan Times
19-05-2025
- Business
- Hindustan Times
Yeida to rope in consultant for Electronics Manufacturing Cluster
GREATER NOIDA: Following the Centre's approval of an Electronics Manufacturing Cluster (EMC 2.0) project anchored by Havells, the Yamuna Expressway Industrial Development Authority (Yeida) has started the process of hiring a consultant to design and oversee infrastructure development in Sector 10, officials said on Sunday, adding that the project, estimated to cost ₹484 crore, will be spread over 206 acres near the Noida International Airport. Under the EMC 2.0 scheme of the Ministry of Electronics and Information Technology (MeitY), the Centre has sanctioned ₹144 crore for the cluster while Yeida will contribute the rest of ₹340 crore. The project is expected to complete by January 31, 2028. Yeida chief executive officer Arun Vir Singh said, 'The Centre's approval is a major step toward making Uttar Pradesh an electronics manufacturing hub. This cluster will boost local employment and attract component makers and allied industries.' Havells, an Indian multi-national electrical equipment manufacturing firm, the anchor investor, has been allotted 50 acres of land and it plans to invest ₹800 crore to set up a manufacturing unit for fans, air conditioners, switchgear, cables, and lighting equipment. The unit is expected to be operational by 2026 and provide over 1,000 direct jobs in the first phase. To be sure, the cluster will include 66 other industrial plots, in addition to Havells' land. These plots, spread over 106 acres, range from 1,000 to 32,375 square metres (sqms) in size. Two large plots, including one measuring 44,515 sqm, have been set aside for the flatted factory complex, which will house 176 plug-and-play industrial units. These ready-to-move-in units are aimed at attracting startups and smaller enterprises looking for cost-effective manufacturing spaces. Yeida officials said the project has been meticulously planned. About 39 acres are reserved for infrastructure, including internal roads, green belts, electrical lines, water supply, drainage, a boundary wall, and civic amenities like a hostel block, commercial centre, convention centre, and a skill development hub. To move forward, Yeida has issued a request for proposal (RFP) to appoint a Design Development and Project Management Consultant (DDPMC). The selected consultant will prepare the detailed project report (DPR), float tenders, and supervise construction. The deadline for submission is June 10, with the appointment expected in July.
Time of India
18-05-2025
- Business
- Time of India
YEIDA will power up Rs 450cr tech hub near Noida airport
Noida: Yamuna Expressway Industrial Development Authority (YEIDA) has started the process to hire a consultant for designing and managing the infrastructure development of Sector 10, where a tech hub is planned at an estimated cost of over Rs 450 crore. Tired of too many ads? go ad free now The cluster, located near , will be developed across 206 acres. A senior YEIDA official said, "This project will not only create a robust electronics hub but also generate employment at scale." The entire cluster is scheduled to be completed by Jan 31, 2028. Officials expect it to create over 11,000 direct jobs and approximately 20,000 indirect (total 31,000) jobs once fully operational. A YEIDA official said the cluster's location near the upcoming airport, the Delhi-Mumbai Industrial Corridor and the dedicated freight corridors makes it ideal for attracting both Indian and international companies. The main highlight of the project is the 50-acre land — out of 206 acres — allotted to , the anchor unit. The company plans to invest Rs 800 crore to set up a manufacturing unit for products like fans, air conditioners, switchgear, cables and lighting equipment. The unit is expected to be ready by 2026 and will provide jobs to over 1,000 people in the first phase. The Centre has approved Rs 144 crore for the project under the cluster (EMC 2.0) scheme, while YEIDA will contribute over Rs 340 crore. The Centre had approved the EMC 2.0 last month, with Havells as the anchor unit. YEIDA CEO Arun Vir Singh said the Centre's approval is a big boost for the state's goal of becoming an electronics hub. Vir Singh said, "Now that the Centre has approved the project, we will allot land to Havells and begin work on developing the rest of the cluster. We believe this will attract several electronics component makers and supporting units." Tired of too many ads? go ad free now Besides Havells' 50-acre plot, the cluster will feature 66 other plots spread over 106 acres. Sixty-six other plots, spread over 106 acres, include 32 plots of 1,000 sqm, 18 plots of 2,100 sqm, six plots of 8,094 sqm and two each of 1,760 sqm, 3,300 sqm, and 15,176 sqm. Additionally, one plot each of 14,164 sqm, 20,234 sqm, and 32,375 sqm will be offered. The cluster has been meticulously planned. Of the total 206 acres, 39 acres have been earmarked for essential infrastructure, including roads, green belts and utilities. The remaining land will be used for industrial development.
Time of India
25-04-2025
- Business
- Time of India
E-cluster along Yamuna e-way gets Centre nod, Havells to invest Rs 800 crore
Noida: The Centre has approved an electronics manufacturing cluster (EMC) across 206 acres off the Yamuna Expressway. The project — coming up in Sector 10 of the Yamuna Expressway Industrial Development Authority (YEIDA) region — will feature a flatted factory complex, dedicated manufacturing zones, and modern infrastructure to support production of electronics. Tired of too many ads? go ad free now Havells — as the anchor investor — will be allotted 50 acres within the cluster to set up a manufacturing facility focusing on domestic appliances, such as fans, air conditioners, coolers, lighting products, switchgear, and cables. The company, officials said, will invest Rs 800 crore in the project and is expected to generate over 1,000 jobs in the first phase alone. Production is scheduled to start by 2026. According to officials, the project — being established under the Centre's EMC 2.0 scheme — is aimed at developing UP into a hub for electronics manufacturing. Given its strategic location near the Yamuna Expressway and the upcoming Noida International Airport , the cluster is expected to draw significant investment in electronics and allied sectors. "Now that the Centre has approved the project, we will proceed with allotting land to Havells and finalising the framework for the rest of the cluster. We expect this project to trigger a cascading effect, attracting multiple ancillary and electronics component manufacturing units," said Arun Vir Singh, the YEIDA CEO. The entire cluster will be established in a phased manner, with the remaining land developed through a special purpose vehicle comprising Havells and its ancillary partners. Asked about the funding, officials said the Centre had sanctioned Rs 144 crore for the project, while YEIDA would spend over Rs 340 crore on roads, power and water supply networks. Of the cluster's total area of 206 acres, 39 acres will be used for infrastructure such as roads and green spaces. Tired of too many ads? go ad free now Besides Havells, the industrial area will feature 66 plots spread across 106 acres and a flatted factory complex on 16-acre, housing 176 ready-built units of different sizes. These units will provide ready-to-move-in spaces for startups and smaller companies in the electronics sector. "This project will not only create a robust electronics hub but also generate employment at scale. We expect over 11,000 direct jobs and around 20,000 indirect jobs to be created," officials said. The state govt has designated YEIDA as the project's implementing agency. Officials said the entire development is slated for completion by Jan 31, 2028. Under the EMC 2.0 scheme — launched by the electronics and information technology ministry — financial support is provided to state agencies to create infrastructure that attracts global and domestic electronics players. The scheme is designed to make manufacturing cost-effective by offering plug-and-play facilities and shared utilities. "EMC 2.0 is designed to attract major players to invest in India's electronics sector by reducing the cost of setting up manufacturing bases through shared infrastructure and plug-and-play facilities," an official said.
