Noida International Airport will give a new direction to the economy of UP. This will increase employment, investment, tourism and exports. There is a possibility of 20–30% increase in farmers’ income and up to 1% increase in GDP.
Lucknow/Noida. Noida International Airport is going to be a big turning point for the economy of Uttar Pradesh. With its inauguration by Prime Minister Narendra Modi on March 28, the project will not be just an airport but will prove to be a strong engine towards making the state a $1 trillion economy. Developed under the vision of Chief Minister Yogi Adityanath, this airport will help in unlocking the “land-locked” economic potential of UP. With this, agriculture, MSME, logistics, tourism and industry will be directly connected to the global market.
Important role in increasing the income of farmers. Farm to Global Market Model
According to CA Pankaj Jaiswal, former CFO, Air India SATS and Chairman of UPDF, this will be the largest greenfield airport in the country. It will have a capacity of 7 crore passengers annually and a cargo handling facility of about 10 lakh tonnes. With this, perishable products like fruits, vegetables, dairy and flowers will be able to reach the international market directly. The “Farm-to-Global Market” model will be strengthened and has the potential to increase farmers’ income by 20–30%. Also, logistics costs will reduce and exports will increase.
GDP growth and tourism will get a boost. UP Economic Growth Impact
Noida International Airport will give a new direction to trade and tourism. This airport will connect religious cities like Delhi-NCR, Agra, Mathura, Vrindavan and Varanasi to the global tourism circuit. This will increase the number of foreign tourists and give impetus to religious, medical and business tourism. When the airport will run at full capacity, its impact is likely to increase the GDP of UP by more than 1%.
Large scale employment generation. Jobs Creation in Noida Airport
This airport will become a big center of employment. More than 20,000 jobs will be created in airport operations, security, ground handling, retail and hospitality in the first 5 years. More than 30,000 jobs will be created in MRO, cargo, logistics and aviation services. Overall, more than 50,000 direct employment opportunities and more than 5 lakh indirect employment opportunities will be created, which may reach 40–50 lakh in future.
Rapid growth in real estate and industry. Real Estate & Industrial Growth
Noida, Greater Noida and Yamuna Expressway areas will develop rapidly due to Jewar Airport. New urban corridors will be built up to Bulandshahr, Aligarh and Mathura-Vrindavan. Investment will increase in hotels, warehouses, office space, logistics parks and data centers around the airport. This will boost employment and business activities.
New impetus to industrial sector. Manufacturing & Export Boost
Sectors like electronics, mobile manufacturing, food processing and textiles will grow rapidly due to better connectivity and lower logistics costs. Export-oriented industries will get direct access to the global market, which will increase both production and investment. This airport will help in making UP a strong manufacturing and export hub.
Potential to become a global aviation hub. International Aviation Hub India
Jewar Airport is being developed as a large multi-modal international aviation hub in the future. This will reduce pressure on Delhi’s IGI Airport and balance air traffic. With the plan of 5 runways, it can become the largest airport in the country. Its location could make it a major transit hub between Asia and Europe, becoming an alternative to hubs like Dubai, Doha and Abu Dhabi.
Big benefit to MSME and logistics sector. Logistics Hub India
This airport is located near the Eastern and Western Dedicated Freight Corridors. It is also connected to Yamuna Expressway and Delhi-Mumbai Expressway, due to which this area can become a major logistics hub of the country. Warehousing, cold storage and e-commerce centers will develop rapidly. Reduction in logistics costs will increase the competitiveness of the MSME sector and give impetus to exports.
Attraction for investment and foreign companies. Investment Opportunities UP
Aerocity, logistics park and industrial clusters are being developed around the airport. Domestic and foreign investment will increase due to the investment-friendly policies of the state government. Under the “China + 1 Strategy”, this region will become an attractive option for global companies, especially in electronics, semiconductor and defense manufacturing.