YEIDA Region Attracts Over Rs 5,000 Crore Investment, Expected To Create 12K Jobs

Lucknow, May 25 (KNN) Uttar Pradesh is set to attract investments of more than Rs 5,000 crore in the Yamuna Expressway Industrial Development Authority (YEIDA) region.

This comes after allotment letters were issued to 17 companies for establishing industrial projects across sectors including solar energy, electronics, information technology, railways and garment manufacturing. The projects are expected to generate over 12,000 employment opportunities.

The allotments were handed over by Uttar Pradesh chief minister Yogi Adityanath as part of the state government's efforts to position Uttar Pradesh as a major industrial and investment destination, reported ANI.

Solar Manufacturing Projects Lead Investment Pipeline 

According to the state government, the solar green energy projects could provide fresh momentum to industrial development while creating large-scale employment opportunities for local youth.

The largest investment proposal has come from CESC Green Power Ltd, which will establish a 3 GW solar cell and module manufacturing facility on 100 acres with an investment of Rs 3,805 crore. The project is expected to generate around 5,000 jobs.

Another major investment will be made by Integrated Batteries India Pvt Ltd, which plans to set up a 4 GW solar photovoltaic cell manufacturing unit with an investment of Rs 1,146 crore, creating around 500 jobs.

Electronics, IT and Manufacturing Sectors Expand Presence 

The IT and IT-enabled services sector also secured significant investments. 

Several companies have also announced investments in electronics and electrical equipment manufacturing, including facilities for electronic products, home appliances, transformers, EV chargers and related equipment.

In the railway sector, JMV LPS Ltd will invest Rs 54.8 crore in a railway signalling products manufacturing unit, while Sahu International Attire Pvt Ltd will establish a ready-made garment manufacturing facility with an investment of Rs 70 crore, creating nearly 2,000 jobs.

Focus on Local Employment and Industrial Growth 

According to the state government, several projects have committed to prioritising local employment, with some companies earmarking up to 90 percent of jobs for local youth. 

The latest investments further strengthen the YEIDA region's emergence as a hub for green energy, electronics manufacturing, IT services and advanced industrial development.

(KNN Bureau)