Jewar airport key to more investment: UP CM
Shafaque Alam | TNN | Jan 26, 2019, 07:09 ISTGreater Noida: Chief minister Yogi Adityanath and Union IT minister Ravi Shankar Prasad on Friday laid the foundation stone for a 100-acre TEGNA electronics manufacturing cluster in Ecotech VI in Greater Noida. The cluster, a group of mobile manufacturers, aims to invest Rs 3,000 crore and develop an ecosystem for manufacturing, research and development of smartphones and electronic gadgets.
The UP government has resolved to provide a conducive environment and promote investment, the CM said. “We have decided to develop an electronic manufacturing zone in Noida, GNIDA and YEIDA area,” he said.
The chief minister said there are immense business development possibilities in IT and electronics in Uttar Pradesh, especially in Noida and Greater Noida with the Jewar airport coming up. According to him, Uttar Pradesh contributes 50% in electronic products manufacturing in the country. Noida and Greater Noida is growing as an electronic hub due to its good infrastructure and vicinity to Delhi.
From March 2017, the UP government has signed MoUs with different companies worth Rs 4 lakh crore. He said TEGNA’s investment initiative is an outcome of UP government’s Investors’ Summit.
The CM said the previous governments favoured or rejected investors on ‘pick-and-choose’ basis.
“We have eliminated this practice. We promote business and development as per law. We have started the Nivesh Mitra initiative to provide a single-window system for businessmen. The state will provide security and a conducive business environment to investors,” he said.
TEGNA Electronics Pvt Ltd is a special purpose vehicle (SPV) to set up electronic manufacturing cluster in Ecotech VI in Greater Noida. The cluster, spread over 100 acres, aims to develop a platform for electronic manufacturers to come together and establish an integrated hub for manufacturing electronic products, especially smartphones. Some mobile manufacturers like OPPO, Foxlink Group, Waffer Group, Mitac Group and Infopower Technologies, are part of the cluster.
They will manufacture mobile phones and accessories, data storage devices, video recorders, USB cables, power banks, adapters, USBs, memory cards and other electronic components. The cluster will have state-of-the-art-infrastructure facilities like tool room, research and development labs, etc. The cluster aims to produce two lakh products daily and generate employment for 25,000 directly and over one lakh indirectly.
The UP government has resolved to provide a conducive environment and promote investment, the CM said. “We have decided to develop an electronic manufacturing zone in Noida, GNIDA and YEIDA area,” he said.
The chief minister said there are immense business development possibilities in IT and electronics in Uttar Pradesh, especially in Noida and Greater Noida with the Jewar airport coming up. According to him, Uttar Pradesh contributes 50% in electronic products manufacturing in the country. Noida and Greater Noida is growing as an electronic hub due to its good infrastructure and vicinity to Delhi.
From March 2017, the UP government has signed MoUs with different companies worth Rs 4 lakh crore. He said TEGNA’s investment initiative is an outcome of UP government’s Investors’ Summit.
The CM said the previous governments favoured or rejected investors on ‘pick-and-choose’ basis.
“We have eliminated this practice. We promote business and development as per law. We have started the Nivesh Mitra initiative to provide a single-window system for businessmen. The state will provide security and a conducive business environment to investors,” he said.
TEGNA Electronics Pvt Ltd is a special purpose vehicle (SPV) to set up electronic manufacturing cluster in Ecotech VI in Greater Noida. The cluster, spread over 100 acres, aims to develop a platform for electronic manufacturers to come together and establish an integrated hub for manufacturing electronic products, especially smartphones. Some mobile manufacturers like OPPO, Foxlink Group, Waffer Group, Mitac Group and Infopower Technologies, are part of the cluster.
They will manufacture mobile phones and accessories, data storage devices, video recorders, USB cables, power banks, adapters, USBs, memory cards and other electronic components. The cluster will have state-of-the-art-infrastructure facilities like tool room, research and development labs, etc. The cluster aims to produce two lakh products daily and generate employment for 25,000 directly and over one lakh indirectly.
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