Infrastructure
Airport-Driven Growth: Industrial Parks Make Progress Alongside The Noida International Airport
An industrial cluster. (Representative image)
Numerous industrial initiatives are in progress along the Yamuna Expressway, aimed at creating jobs and fostering economic advancement in the area.
These projects are strategically coordinated with the development of the Noida International Airport in Jewar. The upcoming airport is driving substantial infrastructure development and creating opportunities in its vicinity.
As per Swarajya’s report, close to 90 per cent of these regions have been designated as industrial sectors, with emphasis on warehousing and logistics infrastructure.
These sectors focus on various manufacturing industries, such as the toy park, medical devices manufacturing park, apparel park, data centre park, EV manufacturing hubs, and handicraft park — all of which situated alongside the expressway.
Progress of Industrial Sectors Around the Airport
As a component of this progress, the foundation stone for the Apparel industrial park under the Yamuna Expressway Industrial Development Authority (YEIDA) was laid earlier this week.
Spanning across 175 acres, the Apparel Park is set to be established, with 39 companies already having received plot ownership from YEIDA. Out of the total 89 plots available, 81 have been allocated to different enterprises, reports Times of India.
Expected to attract an investment of Rs 3,000 crore, the park is projected to generate employment for approximately 3 lakh people, with 75 per cent of them being women. Officials estimate that the park will earn Rs 10,000 crore annually through the export of garments.
According to Arun Vir Singh, the CEO of YEIDA, most of the companies that have been given possession of plots are expected to commence construction within a month.
The Noida Apparel Export Cluster's president, Lalit Thukral, expressed that the sector, which experienced significant losses during the pandemic, would greatly benefit from this initiative.
The Park will feature a 45-meter-wide internal road network linking distinct zones.
It will accommodate showrooms for diverse companies, a hub for sourcing raw materials, a testing laboratory, a design studio, a sampling facility, units for labelling and broadcasting, centres for skill development, and also facilities for dyeing and printing, among other amenities.
Moreover, progress is also being made on the Medical Device Park and Toy Park initiatives.
According to a MoneyControl report, in March, “As many as 37 companies are planned to be handed over possession in the Medical Device Park. YEIDA floated the second phase of the Medical Device Park in Sector 28 and 58 applications have been received. The first phase is expected to be completed this year.”
Additionally, this coming Saturday, the foundation for the first Toy Park in the state will be laid in Sector 33, as per the TOI report.
In response to a request from the Toy Association of India, YEIDA launched a plot scheme in 2020, covering 100 acres of land.
A total of 134 companies were granted plots of 4,000 sqm and larger, with the aim of encouraging toy manufacturing.
The Noida International Airport in Jewar, spans an expansive 5,000 acres, exemplifying India's infrastructural growth. NIA will be a world-class airport with efficient facilities for airlines, hotels, cargo, and commercial partners. It aims to offer short turnaround times and low operating costs for airlines.
