Synopsis: This region of Uttar Pradesh is undergoing a significant industrial transformation, with investments of more than ₹5,000 crore pledged in the industrial sectors of solar manufacturing, electronics, garments, and industrial infrastructure. This article discusses the major projects.
Uttar Pradesh is fast becoming one of the largest growing states in the industrial and infrastructure sectors of India. The investments in the Yamuna Expressway Industrial Development Authority (YEIDA) region is bringing in a new range of manufacturing, renewable energy, logistics and technology-driven growth in the state.
Why YEIDA is becoming UP’s biggest growth corridor
- Jewar Airport is driving massive interest: One of the biggest reasons for companies to invest in the YEIDA region is the upcoming Noida International Airport. The airport is expected to have a positive impact on the movement of cargo, exports, logistics, hospitality, and industrial activities around the airport, and will be extremely attractive for businesses.
- Good Expressway & NCR Connectivity: The Yamuna Expressway directly links the region to the Delhi-NCR and Uttar Pradesh’s major cities. This enables industries to have access to huge consumer markets, transport goods quicker and run at lower costs than congested metro hubs.
- Government pushes and industrial planning: Uttar Pradesh has been working very hard on the promotion of YEIDA via allotment, industrial zones, and investment friendly policies. Its emphasis is on the development of the corridor as a significant manufacturing, electronics, renewable energy and logistics and a hub for domestic and large-scale corporate investment.
CESC Green Power’s Solar manufacturing project
The largest investment comes from the CESC Green Power which is planning a solar manufacturing plant of a large scale near the Yamuna Expressway corridor. The project underscores the state’s emphasis on domestic production of solar energy and an increasing interest in renewable energy in Uttar Pradesh.
- Investment Size: ₹3,805 crore
- Inverter: 3 GW solar cell/solar module manufacturing plant
- Development: YEIDA Region, around the upcoming Noida International Airport.
- Newly Set Up: 100/+ acres
- The number of jobs: Approx. 5,000 jobs are expected
- Other Infrastructure: 60 MW Solar Power Plant, R&D lab and other facilities.
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Integrated Batteries India’s Solar PV Project
Integrated Batteries India Pvt Ltd is also investing in green energy by proposing to set up a big solar photovoltaic (PV) cell manufacturing plant on the Yamuna Expressway corridor (YEIDA). The project also bolsters Uttar Pradesh’s emerging renewable energy sector.
- Investment Size: ₹1,146 crore
- Capacity: 4 GW solar PV cell manufacturing facility.
- Offered: The campus is located in the YEIDA area, close to Jewar Airport.
- Land allocated: Approximately 25 acres
- Job Generation: It is estimated that about 500 jobs will be generated.
- Business Focus: Renewable energy, domestic solar equipment manufacturing
The two solar projects constitute almost 85% of the total investment pipeline of ₹5,000+ crore announced in the YEIDA region. The investment is also expected to drive further demand for industrial space in and around the Yamuna Expressway and Jewar belt where development activities and investments in manufacturing have already picked up pace with the upcoming airport and logistics initiatives.Vaidic Srijan LLP’s Apparel Manufacturing Project worth ₹500 Crore
Advance Panels’:EV & Electrical Equipment Project
Advance Panels is establishing a dedicated manufacturing plant in the YEIDA zone for electrical infrastructure and equipment for EVs. The project fits with the rising electric mobility and power distribution requirements in India.
- Investment Size: ₹66 crore
- Project: electrical transformer and EV charging station production.
- Sector Focus: Electrical equipment & EV infrastructure
- Key Products: Power transformers, switchgear systems, and EV charging stations.
- With the rise in EVs in India, the facility will be instrumental in fostering growth for EV charging infrastructure and bolstering the region’s electrical equipment manufacturing ecosystem.
Vega Industries
Vega Industries is planning to expand its manufacturing operations in an industrial plant to manufacture advanced manufacturing equipment and electrical appliances. The project also represents another diversification of the developing industrial landscape of the YEIDA corridor.
- Investment Size: ₹91 crore
- Project Stage: Industrial manufacturing plant
- Location: YEIDA region
- Focus Sector: Manufacturing Equipment & Electrical Appliances
- Key Products: Industrial machinery, electric and electronics products.
- Job opportunity: 500 local jobs
The Smart Meter Manufacturing Unit at NDSD
NDSB is building an electronics manufacturing plant with smart meter production as its main business. This project helps in the ongoing smart grid and power distribution modernization efforts in India.
- Investment Size: ₹40.52 crore
- Project Size: Smart energy meter manufacturing unit and data analysis center
- The project is located in the area of the industrial corridor, YEIDA.
- Focus sector:Electronics & Electrical Equipment.
- Key Product: Smart electricity meters
- The project will potentially contribute to India’s smart energy infrastructure, and by leveraging YEIDA’s electronics manufacturing capabilities, it will help expand the company’s footprint in this sector.
The HCL-Foxconn Semiconductor Facility
One of the largest technology investments associated with the YEIDA region is HCL-Foxconn Semiconductors. The project will also involve the creation of an OSAT (Outsourced Semiconductor Assembly and Test) facility, further bolstering India’s bid for semiconductors.
- Investment Size: ₹3,706 crore
- Project Size: Semiconductor OSAT plant
- Location: Sector 28, YEIDA
- Plot Size: 48 acres
- Capacity: Designed to manufacture display driver chips with an output of 36million units per month.
IT & Commercial Infrastructure Project
The YEIDA region also sees investments in commercial and IT infrastructure as businesses are coming to the area in preparation for future long term business growth around the upcoming Airport Corridor. These projects are anticipated to help with support for technology services, backend operations, logistics management and future office requirements.
- Investment Size: ₹200-300 crore+ per proposal
- Project Size: IT parks, commercial office, Tech enabled infrastructure.
- Land alloted: The size of the land parcel is mostly 5–20 acres, depending on the project.
- Job opportunity: Total (estimated) of 1,000-2,000 jobs in total
- Growth Driver: Airport led commercial expansion and NCR spillover demand.
- There is a growing demand for commercial land in the YEIDA belt and experts predict that office rentals and industrial land prices around the key sectors will experience strong appreciation in the coming 3–5 years, as the infrastructure projects progress towards completion.
Railway & Industrial Equipment Manufacturing Projects
Engineering and industrial equipment firms are also investing in the YEIDA corridor, attracted by the region’s developing infrastructure and logistics infrastructure. It is expected these projects will further boost the economy of industrial manufacturing in UP.
- Total Investment: ₹150-250 crore in aggregate, in various projects.
- The project involves the production of railway equipment, engineering products and industrial machinery.
- Job opportunity: A total of 500-1500 jobs are estimated to be created collectively.
- Focus Area: Industrial engineering, rail parts and large-scale production.
- Jobs & economic benefit: The investment package of ₹5,000+ crore in YEIDA region is projected to generate more than 12,000 direct employment in the solar industry, electronics, garments, and industries. The projects will also create additional housing, logistical, warehousing, retail and commercial space in and around the Yamuna Expressway and Jewar corridor, which will further aid the economic growth of the area.
The potential impact of real estate on YEIDA & Jewar
The new wave of industrial investments is expected to further boost real estate activity along YEIDA and Jewar belt. The vicinity of the upcoming Noida International Airport and the Yamuna Expressway has already seen considerable appreciation in land valuations in recent years, thanks to the development and infrastructure growth in the vicinity of the Airport.
The growing tide of investment in the corridor has been fueled by manufacturing initiatives, logistics parks, and commercial ventures in sectors like 18, 22D, 24A and adjacent industrial areas. However, with large scale industrial developments now underway, the demand for residential housing, rental, warehousing and commercial buildings is also projected to gradually increase in the near future.
Written by Boyapati Sai Jasmitha
