Latest News | GNIDA Launches Scheme to Allot 44 Industrial Plots, Expects Rs 5,000-crore Revenue

Noida, Jan 31 (PTI) The Greater Noida Industrial Development Authority on Wednesday said it has launched a scheme for allotment of 44 industrial plots and expects Rs 5,000 crore in revenue.

The land allotment for industries will also generate 10,000 employment opportunities, the Greater Noida Industrial Development Authority (GNIDA) said in a statement.

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These plots are located in six sectors and cover areas ranging from 135 square metres to 20,354 square metres, it said.

"Greater Noida has emerged as a hub of industrial investment. Keeping in view the demand and need of entrepreneurs, the scheme has been launched. Possession of the plot will be given within the stipulated time. With this, thousands of youngsters will get employment opportunities along with investment in the region," GNIDA CEO NG Ravi Kumar said.

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With the allotment of these 44 plots, the GNIDA is expected to rake in around Rs 5,000 crore from the reserve price.

The allotment is being done through interviews.

With the allocation, an investment of Rs 5,000 crore and direct and indirect employment opportunities to 10,000 youngsters are expected, the GNIDA said.

Brochures for the scheme have been released and interested parties can apply via the GNIDA website greaternoidaauthority.in or through the Uttar Pradesh government's niveshmitra.up.nic.in portal.

The last date for registration is February 19. After allotment, the plots will be made available for possession within a month, according to the statement.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)