Noida/Greater Noida, Raftaar today. The pace of development in Noida will once again reach new heights. Three Major Companies: Pine Valley Ventures Private Limited, Havells India Limited and Minda Corporation Limited—ne total 2,476.68 million rupees He has announced investments. This huge investment will not only accelerate the industrial development of the region but will also create thousands of new employment opportunities.
from Uttar Pradesh Attract FDI (Foreign Direct Investment) and Fortune companies implemented by Yogi Adityanath government. This is a direct result of the politics of doing. These investments being made in Noida will not only boost the regional economy but will also be a milestone in the state’s goal of becoming a ‘trillion-dollar economy’.
Rs 1,080 crore investment: Pine Valley Ventures to build huge garment production center
Pine Valley Ventures Private Limited has announced setting up of a ready-made garments and accessories production center at Gautam Buddha Nagar with an investment of Rs 1,080.82 crore.
This production center will be built on a land area of between 20 and 25 acres.
The project will provide employment to thousands of people.
This center will be equipped with cutting-edge technology and will produce products for the national and international market.
Greenfield project worth Rs 873 crore, Havells to build refrigerator manufacturing plant
Havells India Limited, one of India’s leading companies that has made it to Fortune India 500, is investing Rs 873.58 crore in Noida. This plant, which will be built in seven phases, will manufacture state-of-the-art refrigerators.
Once completed, the project will provide employment to more than 1,000 people. This plant will be part of a totally new and environmentally friendly project.
Minda Corporation Investment of Rs 522 Crore: Establishment of Automotive Technology Center
Minda Corporation Limited, the leading automobile industry company Rs. 522.28 million. Will set up a high-tech manufacturing center in Noida by investing Rs.
Here, wiring harnesses and electronic systems will be manufactured. This project will help develop Noida as an automobile manufacturing hub.
The project will open a large number of employment opportunities for the youth.
Attractive Investment Policies of the Yogi Government
Chief Minister Yogi Adityanath’s visionary policies have made Uttar Pradesh an attractive investment destination.
FDI Policy: 2023 This policy, implemented in 1977, encouraged domestic and foreign investors to set up large projects in Uttar Pradesh.
One-stop settlement: This system has earned the trust of investors by allowing quick project approvals.
Subsidies and tax concessions: Subsidies of up to 75% of the cost of land, better logistics facilities and tax exemptions encouraged investors.
new employment opportunities
The investment by these three companies will generate large-scale employment in Noida and the Greater Noida region. Opportunities for technical and non-technical jobs will open up for the youth.
Local artisans and small businesses will benefit from collaboration with larger industries. Industrial development will improve the general economic and social situation of the area.
The industrial age advances towards Noida
Noida is already a hub for many national and international companies. Now, with the union of these three major investors, this area is ready to write a new chapter in industrial development.
Pine Valley Ventures: GeorgiaIt will bring a revolution in the recreation sector.
Havells India:It will make Rata self-sufficient in manufacturing home appliances.
Minda Corporation: It will elevate India as a global leader in automotive technology.
Key points related to investment
- Total investment: Rs 2,476.68 million
- Regional development: New projects will strengthen the area’s infrastructure.
- Economic impact: Gautam Buddha Nagar area will become the new economic development center of the state.
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