Adani seeks land near airport for warehouse project

NOIDA: The Adani Group has approached the UP government for 700 acres near the Noida international airport to set up an industrial and warehousing complex.
Vikram Jaisinghani, the MD and CEO of Adani Logistics, wrote to the infrastructure and industrial development department, proposing a Rs 5,500-crore investment that can potentially generate 21,000 direct and 42,000 indirect jobs.
According to the letter, the group would deposit 50% of the land value upfront so that it could be acquired without any hurdle. Calling itself a “super mega plus” investor, the group sought land for the project under the “phase 2 master plan” of the Yamuna Expressway Industrial Development Authority (YEIDA). In the master plan, YEIDA has proposed a logistics park at Tappal Bajna.
“For the rapid development of the state of UP, NCR serves as the nerve centre. Noida and Greater Noida shall be the fulcrum of the NCR growth story. The development of the upcoming Jewar airport shall further add impetus to this growth. We propose to develop this infrastructure as a part of the overall commitment of Adani Group in the logistics sector in the state of UP,” the letter by Jaisinghani read.
Sources in YEIDA said it received the letter from Lucknow this week. The offer comes just months before the UP government is slated to hold its mega investor summit and at a time when chief minister Yogi Adiryanath is in Mumbai to discuss investment proposals with India’s top industry barons.
In another letter to the UP government – this one from Adani Group chairperson Gautam Adani himself – the company sought 250 acres off the Yamuna Expressway for setting up a skill development centre.
“This skill development centre will be set up in partnership with leading skill institutes globally and will have state-of-the-art facilities and laboratories. A thrust area of the centre will be the ‘train the trainers academy’, which will source the best talent from around the world to develop a large pool of faculty for the centre and for other skill training facilities in Uttar Pradesh and pan India…. This skill development centre will provide skill education to 20,000 to 25,000 youths. The skill development centre will not only strengthen Noida and Western Uttar Pradesh as a global industrial hub but will also be a catalyst for economic growth in the local area,” the letter read.
Officials in YEIDA said they were analysing both proposals.
The Adani Group has already invested in Noida. It has been allotted two land parcels in Sector 62 and Sector 80 for setting up data centres. The group has proposed an investment of Rs 7,400 crore in these projects.