YEIDA moves towards becoming an industrial hub near Noida International Airport; ₹2,500 crore interest-free loan to accelerate land acquisition
The Yamuna Expressway Industrial Development Authority (YEIDA) has stepped up preparations to attract world-class industries, positioning itself as a major industrial hub near the Noida International Airport. In just eight months, the authority has created a massive land bank of 1,508 acres, spending nearly ₹2,000 crore on land acquisition.
Most of this land has been purchased with farmers’ consent in newly planned sectors under the Master Plan-2041. To further accelerate this process, YEIDA is set to receive an additional ₹2,500 crore interest-free loan from the Uttar Pradesh government under the Chief Minister’s Industrial Area Expansion Scheme. This funding is expected to significantly boost the authority’s land acquisition and development efforts.
Earlier, the state government had already extended an interest-free loan of ₹3,000 crore to YEIDA in the first phase. With this fresh financial support, land acquisition is expected to gain further momentum. YEIDA CEO Dr Rakesh Kumar Singh said that the acquisition carried out between April and November has been completed efficiently and the next phase will move at a faster pace.
Focus on Airport-Adjacent Sectors
YEIDA has strategically acquired land in sectors closest to the Noida International Airport, making them highly attractive for investors. Key sectors include Sectors 8, 8A, 10, 11, 28, 29, 32, 33 and 34.
- Sectors 8 and 8A: Located adjacent to the airport, these are among the most sought-after areas, with several large companies already allotted plots.
- Sector 10: Identified for the ambitious Electronic Manufacturing Cluster (EMC-2) project.
- Sector 11: Planned as a dedicated Fintech City.
- Sector 28: Home to the Medical Device Park (MDP) and Uttar Pradesh’s first semiconductor unit.
- Sectors 28, 29, 32 and 33: Over 100 long-pending land disputes have been resolved, making these sectors ready for fresh allotments.
- Sectors 4A and 5A: Specially acquired for the proposed Korean City and Japanese City.
Thanks to excellent connectivity and strategic location, major companies are proactively submitting investment proposals—some directly to YEIDA and others through the state government.
Global Giants on YEIDA’s Radar
YEIDA’s vision goes beyond routine industrial development. The authority aims to bring globally renowned brands to the region. Companies on its radar include:
- Apple
- Microsoft
- GE (General Electric)
- Siemens
- Wipro
- Philips
- Other leading electronics and technology firms
Several companies have already been allotted land or have given in-principle consent. YEIDA believes that the arrival of such global majors will automatically attract MSMEs, leading to the development of a robust supply chain and a self-sustaining industrial ecosystem.
Massive Investment, Large-Scale Employment
The initiative is expected to bring investments worth several thousand crores and generate lakhs of direct and indirect jobs, offering significant opportunities for the youth of Uttar Pradesh. Beyond transforming the Yamuna Expressway region into a major industrial hub, the move is set to give a strong boost to the state’s overall economy.
With the operationalisation of the Noida International Airport, the region is on the verge of emerging as North India’s largest industrial corridor. If YEIDA’s strategy succeeds, the coming years could see the area evolve into a globally competitive manufacturing and technology hub.
