Latest news with #ElectronicsManufacturingCluster
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
HCL-Foxconn nod gives industry plans off Yamuna expressway big boost
Noida: Cabinet's approval last week of the HCL-Foxconn semiconductor-manufacturing unit has put wind in the sails of plans to turn the Yamuna Expressway area into a large manufacturing hub as an extension of Noida, with the upcoming Noida International Airport as its nucleus. Investments to the tune of Rs 12,000 crore from eight companies are lined up in the region under the Yamuna Expressway Industrial Development Authority's FDI and Fortune 500 policy. The HCL-Foxconn joint venture, a Rs 3,706-crore project that is to come up on 48 acres in Sector 28, will manufacture display driver chips for mobile phones, laptops, automobiles, PCs, and myriad of other devices that have da isplay. Poised to be India's sixth semiconductor and testing unit, the project got the Cabinet's approval on May 14. Other major investments proposed in the region are a Rs 4,500-crore facility by Escorts Group, which will build a tractor parts and engine unit. To be set up in collaboration with Japan's Kubota Corporation, the facility is proposed to come up on 200 acres in Sector 10. Also lined up is a Rs 1,080-crore readymade garments and accessories unit by Pine Valley Ventures Pvt Ltd on a 20-acre plot in Sector 10. Of the three companies allotted land so far is Fuji Silvertech Concrete Pvt Ltd, an Indo-Japanese joint venture that proposes to set up a precast concrete product manufacturing unit on 20 acres in Sector 32. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Scam Exposed: What They Won't Tell You about zero trust! Expertinspector Click Here Undo The Rs 345-crore facility was allotted land under UP's new FDI policy in Nov 2023 and is expected to create 5,844 jobs. TI Medical Private Limited, a Rs 211-crore joint venture between Fortune India 500 company Murugappa Group's Tube Investments of India (TII) and Premji Invest, is the second firm that was allotted 11 acres in the Medical Device Park in Sector 28 to manufacture dialysis machines, dialysers and anaesthesia kits. Minda Corporation Limited, in collaboration with Korean Daesung and Indian Loconav, has got 22 acres in Sector 24 to manufacture ignition switches and steering locks for automobiles. The Rs 524-crore project is expected to create 2,275 jobs. Minda Corporation has proposed to set up a second unit to manufacture wire harnesses and other automotive components. For the Rs 508-crore facility, it wants land on 10 acres in Sector 10. Havells India Ltd also proposes to set up a Rs 800-crore unit for manufacturing fans, air conditioners, lighting, switchgear and cables and has sought 50 acres in Sector 28 under the Electronics Manufacturing Cluster (EMC 2.0) scheme. Officials say, Havells is to act as the anchor investor for a 206-acre electronics manufacturing cluster along the Yamuna Expressway, which was approved last month by the Centre. The cluster will feature flatted-factory complexes, modern industrial infrastructure and dedicated zones for electronics manufacturing. Poly Medicure Ltd has also proposed to set up a medical equipment manufacturing unit on 7 acres in the Medical Device Park. The company plans to invest Rs 150 crore. "The Noida International Airport and dedicated industrial parks have made the Yamuna region highly attractive for both domestic and global investors. These investments will not only create 22,000 jobs but also position the area as a key manufacturing hub in North India," said the CEO.
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.
