Uttar Pradesh to Attract ₹5,000 Crore Investment, Generating 12,000 Jobs in YEIDA
UP to get Rs 5,000 crore investment in YEIDA, to create 12k jobs
Asianet Newsable
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Uttar Pradesh, India, is set to receive over ₹5,000 crore (approximately $600 million USD) in investments in the Yamuna Expressway Industrial Development Authority (YEIDA) region. This initiative aims to create more than 12,000 jobs across various sectors, including solar energy, IT, and manufacturing.
- 01CESC Green Power Ltd will invest ₹3,805 crore to establish a 3 GW solar cell manufacturing unit, creating around 5,000 jobs.
- 02Arsenal Infosolutions Pvt Ltd will invest ₹71.19 crore in an IT/ITES unit, generating 1,140 jobs with 40% reserved for locals.
- 03Integrated Batteries India Pvt Ltd plans a ₹1,146 crore investment for a 4 GW solar PV cell manufacturing unit, creating 500 jobs.
- 04JMV LPS Ltd will invest ₹54.80 crore in railway signalling products manufacturing, contributing to local employment.
- 05Sahu International Attire Pvt Ltd will set up a garment manufacturing unit worth ₹70 crore, generating nearly 2,000 jobs.
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Uttar Pradesh is poised to receive over ₹5,000 crore (approximately $600 million USD) in investments within the Yamuna Expressway Industrial Development Authority (YEIDA) region, aimed at creating more than 12,000 jobs across various sectors. Chief Minister Yogi Adityanath recently distributed allotment letters to 17 companies for industrial projects that emphasize the state's transition from an agriculture-based economy to a hub for green energy, electronics, and information technology. The largest investment comes from CESC Green Power Ltd, which plans to establish a 3 GW solar cell manufacturing unit with an investment of ₹3,805 crore, generating around 5,000 jobs. Other significant contributions include Integrated Batteries India Pvt Ltd, investing ₹1,146 crore for a solar PV cell unit, and various IT projects that collectively promise thousands of job opportunities. Notably, several companies are committing to local hiring, with some projects reserving up to 90% of jobs for local youth, reinforcing the initiative's focus on community development.
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The investment is expected to significantly boost local employment opportunities, particularly for youth in the YEIDA region.
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