The Authority has to acquire approximately 244 hectares of land to develop a devoted industrial sector named Sector 10 around Noida Airport and has allocated over Rs 650 crore to the Gautam Budh Nagar district administration.
Introduction:
The Yamuna Expressway Industrial Development Authority (YEIDA) has allocated over Rs 650 crore to expedite the land acquisition process for the development of a dedicated industrial sector near the upcoming Noida International Airport.
This move aims to facilitate industrial growth and infrastructure development in the region.
Land Acquisition for Sector 10:
YEIDA plans to acquire approximately 244 hectares of land for the development of Sector 10, a dedicated industrial hub located near Jewar Airport.
The authority aims to complete the acquisition process within the next few months, after which the land will be available for allotment to facilitate industrial expansion and development projects.
Financial Allocation:
The allocated funds have been released to the Gautam Budh Nagar district administration, which is responsible for acquiring the land for the project. In addition to the industrial sector, the administration is also acquiring land for various phases of the Noida International Airport expansion, further enhancing regional infrastructure.
Progress and Timeline:
The land acquisition process is progressing steadily, with the social impact assessment already completed. YEIDA anticipates the entire process, including land allotment for industrial parks, to conclude by the end of 2024.
Earlier in February, YEIDA released Rs 72 crore for land acquisition, underscoring its commitment to expedite infrastructure development in the region.
Development of Sector 10:
Sector 10 will serve as a key industrial hub adjacent to the Noida International Airport, leveraging its strategic location along the Yamuna Expressway.
The development of this sector is poised to attract investment, spur economic growth, and create employment opportunities in the region.
Conclusion:
YEIDA’s proactive approach in releasing funds for land acquisition underscores its commitment to fostering industrial growth and infrastructure development near the Noida International Airport.
As the acquisition process progresses, Sector 10 is poised to emerge as a vibrant industrial hub, driving economic prosperity and development in the region.
