Taiwanese firms to invest $ 200 million to set up manufacturing cluster in Greater Noida
Updated: Aug 14, 2015 01:19:40pm
New Delhi, Aug 14 (KNN) Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) on Thursday signed a MoU with the Uttar Pradesh Development Systems Corporation Ltd (UPDESCO), under which it will invest USD 200 million to set up an electronics manufacturing cluster on a 210-acre plot in Greater Noida.
In the first phase, Taiwanese units will invest Rs 500 crore and this will generate employment of 20,000 to 30,000 persons and direct or indirect employment generation will be one lakh.
The delegation represented Taiwanese firms were Mobiletron Electronics Co Ltd, CTCI Corp, CINDA Engineering and Construction Pvt Ltd, Cal-Comp Electronics Communications Company Ltd and Waffer Technology Corp.
The cluster will be set up across two plots of land, measuring about 100 acres each. About 10 acres will be reserved for facilities.
Land formalities will be completed within the next month and ground work to begin in six months, manufacturing of electronic products could start within the next two years.
Chief Executive Officer, Greater Noida Authority and Chairman of the Yamuna Expressway Industrial Development Authority (YEIDA), Rama Raman was present at the MoU signing ceremony held at Jaypee Greens.
Uttar Pradesh Minister of State for Energy Yassar Shah, Chief Secretary Alok Ranjan, Principal Secretary of IT and Electronics Rajinder Kumar Tiwari were also present. (KNN Bureau)
In the first phase, Taiwanese units will invest Rs 500 crore and this will generate employment of 20,000 to 30,000 persons and direct or indirect employment generation will be one lakh.
The delegation represented Taiwanese firms were Mobiletron Electronics Co Ltd, CTCI Corp, CINDA Engineering and Construction Pvt Ltd, Cal-Comp Electronics Communications Company Ltd and Waffer Technology Corp.
The cluster will be set up across two plots of land, measuring about 100 acres each. About 10 acres will be reserved for facilities.
Land formalities will be completed within the next month and ground work to begin in six months, manufacturing of electronic products could start within the next two years.
Chief Executive Officer, Greater Noida Authority and Chairman of the Yamuna Expressway Industrial Development Authority (YEIDA), Rama Raman was present at the MoU signing ceremony held at Jaypee Greens.
Uttar Pradesh Minister of State for Energy Yassar Shah, Chief Secretary Alok Ranjan, Principal Secretary of IT and Electronics Rajinder Kumar Tiwari were also present. (KNN Bureau)
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