• Source:JND
Add as a preferred

Greater Noida: The Yamuna Expressway Industrial Development Authority (YEIDA) has announced its decision to allocate a 100-acre land parcel to the Electric Vehicle Manufacturing Welfare Trust (EVMWT) for the production of electric vehicles, officials said on Thursday.

The authority issued a Letter of Intent (LOI) on Thursday in response to EVMWT’s request for land. EVMWT has secured commitments from multiple manufacturers interested in developing an integrated project near Noida International Airport. The authority confirmed it will provide the land in Sector 8.

ALSO READ: Noida Airport Update: First City Bus Service To Open Between Jewar And Botanical Garden; Full Details

“The EVMWT will set up a dedicated cluster for EV autorickshaw and two-wheeler production, along with component manufacturing. The land acquisition work is currently in progress in Sector 8. The LoI issued for the 100-acre allotment is subject to approval of the Invest UP Empowered Committee, state policy guidelines, and other applicable regulatory norms,” said Yeida chief executive officer (CEO) Arun Vir Singh, according to the HT report. 

“The Trust has informed the authority that over 150 units associated with it intend to set up manufacturing facilities. This initiative is expected to provide a major boost to the region’s manufacturing sector,” the CEO added. 

Yeida Allocated Land In Sector 10 To A Start-Up Producing Two-Wheelers EV Batteries 

Yeida said that a start-up producing EV batteries for two-wheelers, including Royal Enfield, will be allocated 10,000 square meters within the 206-acre Electronics Manufacturing Cluster-2 (EMC-2) in Sector 10. Havells, serving as the anchor company, has already been granted 50 acres in the cluster, with three other major companies also securing plots.

“Neenjas Electric has been issued a LOI for manufacturing electric vehicle chargers, LED lighting panels, and related solar-based technologies in Sector 10. Founded in 2021, the start-up is based in Noida and operates manufacturing units in Greater Noida,” said Singh, according to the HT report. 

Last week, Dixon Technologies acquired 22.5 acres in EMC 2.0, becoming the third company to join the hub. Officials confirmed that Dixon has received the Letter of Intent (LOI) to establish a manufacturing unit for mobile phones, consumer electronics, telecom equipment, lighting products, and white goods.

Additionally, approvals were granted to two other companies, Ascent-K Circuit and Aurionpro Toshi Automatic Systems, to set up units under the central government’s scheme. Officials noted that the 206-acre cluster has attracted significant interest from leading industrial players.

ALSO READ: Greater Noida Residents Beaten With Stick By Guards After Complaining About Power Outage | Watch Video

“The land acquisition process in Sector 10 is also ongoing. The EMC 2.0 project was formally approved by union IT Minister Ashwini Vaishnaw and Minister of State Jitin Prasada on Wednesday. Earlier, it received in-principle approval from the MeitY (ministry of electronics and information technology) during the 7th project review committee meeting held in April,” the CEO added.