As part of a strategic effort to enhance regional industrial development, the Yamuna Expressway Industrial Development Authority (YEIDA) has revealed pams for for the establishment of industrial cities specifically designed to accommodate Japanese and Korean enterprises. With a central emphasis on electronic manufacturing units, this initiative aims to significantly enhance the industrial landscape of the area. Read SURFACES REPORTER (SR)’s complete report below:
As part of a strategic effort to enhance regional industrial development, the Yamuna Expressway Industrial Development Authority (YEIDA) has revealed plans for the establishment of industrial cities specifically designed to accommodate Japanese and Korean companies. Read SURFACES REPORTER (SR)’s complete report below:
Location and Connectivity
YEIDA has designated specific sectors along the Yamuna Expressway for the development of these cities. Sector 5A (395 hectares) will host the Japanese city, while Sector 4A (365 hectares) will house the Korean city. Both sectors are strategically located within a 10-kilometer radius of the upcoming Jewar International Airport, ensuring convenient international connectivity.
Purpose and Design
The primary purpose of these cities is to serve as electronic hubs, accommodating manufacturing units and offices for companies from Japan and Korea.
Additionally, the cities will feature housing areas for foreign staff, along with essential amenities such as schools, hospitals, and commercial establishments. This design aims to create self-sufficient urban environments catering to the needs of Japanese and Korean citizens living and working there.
Who will be the users?
The cities will be utilized by Japanese and Korean citizens employed by the companies operating within them, as well as by local residents and businesses seeking to benefit from the economic activities generated by these industrial centers.
Development Cost and Land Use
The project is estimated to require an investment of ?2,544 crore.
The land allocation plan allocates approximately 70% of the area for core industrial activities, 13% for commercial purposes, 10% for residential needs, and 5% for institutional use.
Collaboration with Investor
The decision to establish these cities was made in consultation with Japanese and Korean investors. Representatives from both countries visited the designated sectors ahead of the UP Global Investors Summit to explore opportunities for collaboration and investment in the project.
Overall, the initiative aims to foster economic growth, promote foreign investment, and enhance international cooperation by creating specialized industrial zones tailored to the specific needs of Japanese and Korean companies.
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