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Business Standard
13 hours ago
- Business
- Business Standard
UP govt acquires 600 acres in Gorakhpur for new industrial township
While Gida has acquired 600 acres for the township in the 17 villages, the acquisition process is ongoing to increase the land inventory Virendra Singh Rawat Lucknow The Uttar Pradesh (UP) government has acquired 600 acres in Gorakhpur, the political stronghold of Chief Minister Yogi Adityanath, to attract investment and accelerate industrial growth in the state's eastern region (Purvanchal). The site has been slated for the development of a modern industrial township under the Gorakhpur Industrial Development Authority. The proposed 'Dhuriyapar Industrial Township' or 'Greater Gida' aims to increase investments in Eastern UP, which lags Western UP. Gida Chief Executive Officer (CEO) Anuj Malik said the master plan for the township has been approved, and the land allotment process —spanning two industrial sectors — will begin soon. While Gida has acquired 600 acres for the township in the 17 villages, the acquisition process is ongoing to increase the land inventory. Leading companies, including the Adani group, are interested in setting up their units in the Greater Gida enclave. According to officials, the Adani group was considering setting up a cement factory under the ACC brand. Shree Cement and Keyaan Distillery have also sought parcels for their greenfield projects in the township. The Yogi-led government was also planning to establish an electronic manufacturing cluster within the township, officials added. Once completed, the Dhuriyapar Industrial Township would become one of the largest industrial land banks in Purvanchal. The recently inaugurated 91 km Gorakhpur Link Expressway will also boost the prospects of the upcoming industrial hub. At the UP Global Investors Summit (GIS) in February 2023, the state had secured fresh investment proposals worth ~40 trillion. The state now plans to host the GIS 2.0 in the current financial year. Major private investor, SLMG Beverages, a Coca-Cola bottling partner, was planning a phased investment of ~8,000 crore to expand its supply network, the company's deputy CEO Rahul Kumar said. SLMG holds nearly 50 per cent of the beverage market share in UP, and operates 7 bottling plants across eastern and western regions. The growing network of expressways, airports, proposed logistics and export hubs has contributed to a marked improvement in the 'ease of doing business' perception, thus translating into growing private investment. Besides manufacturing, the Yogi government is also promoting the services sectors, viz. tourism and information technology (IT) sectors, for boosting socioeconomic development and creating jobs.
Time of India
6 days ago
- Business
- Time of India
Dixon third company to come up in electronics hub
Noida: Dixon Technologies has secured 22.5 acres in YEIDA's electronics manufacturing cluster (EMC) in Sector 10 near the upcoming Noida International Airport, becoming the third company to join the hub. Officials said on Friday that Dixon has received a letter of intent (LoI) for setting up its manufacturing unit for mobile phones, consumer electronics, telecom equipment, lighting products, and white goods. YEIDA CEO Arun Vir Singh informed Dixon Technologies that their proposal was approved in-principle. However, the final allotment was subject to clearance from the Invest UP Empowered Committee and adherence to state policy guidelines and regulatory norms. Recently, approvals were issued to two other firms — Ascent-K Circuit and Aurionpro ToshiAutomatic Systems — for units under the central govt's EMC 2.0 scheme. The land allotment in the 206 acre cluster gained strong traction from top industrial players, officials said. YEIDA officials said the land acquisition process was ongoing, and provisional LoIs were issued in line with policy clearances. "With Dixon joining the cluster, officials expect the EMC in Sector 10 to emerge as a key electronics manufacturing hub in north India, catalysing further investment and job creation in the region," the CEO added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Utendorf: GEERS sucht 700 Testhörer für Hörgeräte ohne Zuzahlung GEERS Undo The EMC 2.0 in Sector 10 received in-principle approval from the Ministry of Electronics and Information Technology (MeitY) during the 7th Project Review Committee meeting held on April 11. Havells India Ltd has been designated as the anchor unit and is allotted 50 acres within the cluster. Dixon Technologies operates 12 plants in Noida and one in Greater Noida, managed by its subsidiaries and joint ventures. The company operates dedicated manufacturing units for phones for Xiaomi, Motorola and Nokia, besides earphones and headphones under Boat Lifestyle. In 2023, Dixon Technologies signed an MoU with the UP govt during the UP Global Investors Summit, with Sunil Vachani, chairman of Dixon Technologies, announcing plans for additional units for manufacturing and designing electronic products in Noida. Dixon's Greater Noida plant, sprawling over 20 acres in Ecotech 8, manufactures refrigerators. Collaborating with a Japanese company Rexxame, Dixon operates another Noida plant focusing on manufacturing PCBs for air conditioners.
