Noida eyes Rs 30,000 crore biz via MoUs with firms

NOIDA: The 3 development government of Gautam Budh Nagar—Noida, Greater Noida and Yamuna Expressway— be expecting to rein in investments worth greater than Rs 30,000 crore from the Uttar Pradesh Investors’ Summit 2018 being held in Lucknow. The two-day summit began on Wednesday.

Every week ahead of the event, the 3 government had already inked memoranda of understanding (MoUs) with greater than 200 companies needing to invest greater than Rs 30,000 crores within the 3 areas. The UP government had set a target of Rs 35,000 crores for the 3 commercial development government to achieve.


According to Noida Authority officials, of 132 investors in Noida, prospective investors including Paytm, TCS, Dharampal Satyapal, Haldiram Snacks, Kent RO systems, Uflex, and others have already promised to invest in the world. Around 300 acres of land has been earmarked for the marketers to arrange their shops. Majority a part of the land is positioned alongside the Noida-Greater Noida freeway, however a few of it's also lies within the outdated commercial sectors of town. “We want Noida to be a gateway for commercial development and now not for actual property,” mentioned Alok Tandon , chairman and CEO (CCEO), Noida Authority. “We have occupied with offering marketers with a conducive atmosphere for putting in place business and to propel commercial expansion,” he mentioned.


Noida eyes Rs 30,000 crore biz via MoUs with firms Noida eyes Rs 30,000 crore biz via MoUs with firms Reviewed by Kailash on February 22, 2018 Rating: 5
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