- By Shibra Siddiqui
- Wed, 02 Apr 2025 11:22 AM (IST)
- Source:JND
Yamuna Authority has finalised the evaluation standards for plot allotment of more than 8,000 square meters in Noida, Greater Noida. The new list houses a range of industries from aviation, film, to electronics and artificial intelligence based industries, making them priority businesses to be offered land. The Scheme will come in the new financial year starting yesterday, which began on April 1.
Businesses with a higher score during the evaluation period will be invited for an interview, and only after the authority deems the businesses suitable will the land be allotted. Notably, the lack of a clear plot allotment policy hindered the authorities' work in the previous financial year. As a result, the authority could not launch a single industrial project except the Medical Device Park.
Yamuna Expressway Industrial Development Authority (YEIDA) has made some changes in the list of Industries it intends to offer plots, depending on the potential investment. The revamped framework prioritizes industries focused on electric vehicles, semiconductors, electronics, defense, film production, renewable energy, MRO services, aviation hubs, animation, visual effects, gaming, comics, artificial intelligence, aircraft manufacturing, and green hydrogen, among others.
In a bid to attract investments, Noida has also accorded priority to industries such as food processing, data, handloom, and others. To incentivize investment, companies recognized by the Food Safety and Standards Authority of India (FSSAI), Food Corporation of India (FCI), Fortune, and Global 500 will receive additional marks. The additional marks will be awarded to applicants meeting specific criteria
- Employment Generation, Exports, and Unit Expansion: 5 marks each
- Startups: 10 marks
- Net Worth, Capital, and Balance Sheet: 15 marks each
- Scheduled Caste, Scheduled Tribe, Women, and Divyang Applicants: 10 additional marks
Board Meeting Approved The Changes
YIDA has implemented the allotment policy, after the draft of the industrial plot allotment policy was finalised by the state government. The policy of auctioning plots of up to 8,000 square metres was approved in the 83rd board meeting of the authority, but there was no consensus on the valuation standard for plots larger than 8,000 square metres. The valuation standard was also approved in the 84th board meeting of the authority held on 28 March.
According to a report by Jagran.com, the authority's Chief Executive Officer, Dr. Arunvir Singh, said that after the valuation standards are decided, the authority will launch an industrial plot scheme in the new financial year. 20 plots of 10,000 sqm are available in Sector 24.