Yamuna Industrial Development Authority (file photo)
Investment in Yamuna Industrial Development Authority area is continuously increasing. To give a new impetus to industrial development in the region, two big companies Minda Corporation Limited and Plinomas Industry have announced big investments. This is going to open employment opportunities for thousands of youth in the coming time.
On Saturday, Yamuna Authority CEO Rakesh Kumar Singh handed over the allotment letter of 23 acres of industrial plot to Minda Corporation Limited. On this occasion, the company’s executive director Akash Minda, corporate affairs head Amit Jalan and senior officials of the authority were present. This project will bring an investment of Rs 522.279 crore. Will generate more than 2000 direct and indirect employment in the area. Subsidy benefits will also be available under the Investment Promotion Policy of Uttar Pradesh Government. Minda Corporation already runs 27 production units in India, Italy, Vietnam, Indonesia and Japan and is a leading manufacturer in the EV, electronics, mechatronics and auto component sectors.
Also read- River front will be built for the people in Yamuna City, these facilities will be available in green buffer zone in 823 hectares.
Polynomous Industry will also set up a factory worth Rs 75 crore
On the other hand, Polynomous Industries has also announced to set up a new manufacturing unit in the authority with an investment of Rs 75 crore. The company manufactures advanced polymer compounds, which are used in everyday products and many industries. Such as refrigerators and washing machines, two-wheeler and four-wheeler components, LED lighting, MCB electrical systems, electric irons, computer and laptop components, Polynomous also supplies raw materials to many large Indian electronics, home appliance and automobile companies. With its installation here, more than 1000 people will get employment opportunities.
big employment opportunity
Yamuna Authority CEO Rakesh Kumar said that due to Jewar Airport, Film City, Logistics Park and Industrial Corridor, the interest of investors is increasing rapidly here. The joint investment of two big companies will give a new direction to the industrial development in the area and will become a major source of employment for the local youth.