Friday, 11 September 2015

Akhilesh woos investors to twin cities, Yeida areas

Noida, Greater Noida and Yamuna expressway (NGY) areas have become smart cities with the ideal infrastructure for a preferred destination for investors. This was highlighted during the 'UP Conclave' held in Mumbai on September 10, where a Rs 1100cr deal was also signed between the state government and leading mobile handset manufacturer LAVA.
 

According to officials, the CM was accompanied by several ministers and bureaucrats, including chief secretary Alok Ranjan. During the conclave, the show windows of the state - Noida, Greater Noida and the Yamuna expressway areas - were promoted in a big way. The aim was to create awareness among prospective investors about the rapidly improving business environment in UP and especially in the three happening areas, which are witnessing high-tech development in a big way.

World-class industrial infrastructure, focus on solar energy, single-window clearances, responsive policy environment conducive to promote industry, firming of law and order situation and ensuring 24-hour power supply to the investors, were some of the sops promised to the participants of the conclave.

The areas of Greater Noida and Yamuna Expressway Industrial Development were especially promoted as large chunks of land banks are still available here. "Infrastructural development and good connectivity have played a vital role in the growing demand of these areas," said Ranjan at the conclave. "Through the conclave, our objective was to establish UP and the three areas as investor-friendly destinations," said Rama Raman, the chairperson of the three authorities.


At the end of the conclave, sources said an "intention of cooperation" was inked with LAVA for setting up operations in the Yeida area. The company has already been allotted 100 acres of land in the Yeida area last month. Manufacturing of electronic products, including smart phones, could start within the next two years.

Source: Magicbricks

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