5 Chinese firms seek land in Greater Noida, to invest Rs 800 crores

Five Chinese firms have sought 100 acres of industrial land in Greater Noida, for setting up manufacturing units at an investment of Rs 800 crores

Five Chinese firms intend to get land in Uttar Pradesh’s Greater Noida for setting up their manufacturing units, with an investment of Rs 800 crore, officials said on December 5, 2019. The development comes within three months of a delegation of state government officials visiting Gungzhou, Dongguan and Shenzhen cities of China to attract investment, they said. Officials of China’s Holitech India Private Limited, a component supplier of leading phone manufacturer Xiaomi, met with officials of the Greater Noida Industrial Development Authority (GNIDA) and handed over to them letters of intent of its five partner companies, according to a statement.

Holitech India, which manufactures cameras, mobile screens, fingerprint scanners, flexible printed circuit, among others, already has four manufacturing units in the industrial town in Gautam Buddh Nagar, according to the statement from GNIDA. Holitech India’s officials told GNIDA officials that five of its partner companies seek 100 acres of industrial land, for setting up manufacturing units. “They want to establish electronic companies here, with an investment of around Rs 800 crores,” the statement said.

The GNIDA said that besides China, companies from Korean and Taiwan have also shown interest towards investment in the region, for setting up manufacturing units. The GNIDA said it has already started working towards creating a land bank for industrial setups and is in consistent talks with farmers in the region, to purchase their lands with their consent. “About 1,500 acres of land is expected to be made available for allotment, on which four sectors will be developed for industrial setups,” it said in the statement.

 

Was this article useful?
  • 😃 (0)
  • 😐 (0)
  • 😔 (1)

Comments

comments