November 22, 2023: The Uttar Pradesh government has accelerated the pace to complete projects at the upcoming Medical Device Park at Sector-28, Greater Noida.
UP chief minister Yogi Adityanath’s government had earlier prepared a detailed project plan for the development of the Medical Device Park, and its implementation has been initiated by the Yamuna Expressway Industrial Development Authority (YEIDA). Currently, the YEIDA is focusing on expediting completion of 9 major construction works at the park.
“It is noteworthy that the progress of 6 of these projects is satisfactory, while the tender and approval process for 2 projects is underway. The ninth project could not start due to the unavailability of land, so efforts are being made in this direction. The key construction projects showing satisfactory progress include Lab Mechatronics, Electronic Assembly Facility, Administrative Office Block, Export-Promotion Incubation and Excellence Skill Development Incubation Center,” the state government said in an official statement.
46% target achieved against total target of 64%
According to the available data till August, the process of 3D design and rapid prototyping in the Common Tooling Room and Tooling Lab Mechatronics began on March 9, 2023. After that, the target was set to achieve 63% of financial and physical targets this year. More than 38% of the goals was achieved, and progress towards goal attainment is increasing rapidly.
Additionally, the construction process of the Electronic Assembly Facility started on March 4, 2023, and 47% of 64% target has been achieved already. Similarly, there has been significant progress in the construction of Common Office Showrooms and Common Office Complex in recent months after the initial delays.
Moreover, the goals related to internet and computer infrastructure have been achieved by more than 24%. The construction works of the Export Promotion Incubation and Excellence Skill Development Incubation Center have achieved financial and physical targets by 29%. The approval process for the allocation of the Bio-testing Facility has been expedited, while the tender approval process is ongoing for the construction and development of Common IT Facilities.
Amendment in e-tender date for allotment of land for hotel construction
The YEIDA has initiated a commercial hotel plots scheme near the Jewar Airport in Greater Noida to promote hotel construction. Through this scheme, the allocation of land for the construction of premium, luxury, and budget hotels will be streamlined.
(Featured image source: YamunaExpresswayAuthority)
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An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard.
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