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The recent move by the Yamuna Expressway Industrial Development Authority (YEIDA) to conduct a draw for the allocation of 109 industrial plots in Sectors 28, 29, 32, and 33 along the Yamuna Expressway has garnered considerable attention. This strategic endeavour, aimed at fostering industrial growth and economic development, is projected to generate an estimated revenue of Rs 136 crore for the Authority. These industrial plots, encompassing diverse sectors such as toy parks, handicrafts, furniture manufacturing, and micro, small, and medium enterprises (MSMEs), were made available through a scheme launched by the Authority in October 2023. The primary objective behind this initiative was to invigorate industrial activities and bolster economic prospects in the region. The proposed investment in these industrial plots stands at an impressive Rs 16,498 crore, emphasizing the potential for substantial economic impact. Moreover, the estimated creation of around 5,132 jobs further underscores the significance of this initiative in terms of employment generation and socio-economic development. Offering a range of sizes from 300 square metres (sqm) to 4,000 sqm, these industrial plots attracted a remarkable response, with a total of 3,276 applications submitted for consideration. From these applications, 3,234 were deemed eligible for participation in the draw, showcasing the high level of interest and anticipation among prospective investors and businesses. The shift from the e-auction process to a lucky draw method for the allocation of these industrial plots was in alignment with the Uttar Pradesh government's directive, marking a significant procedural change in the allotment process. According to the revised norms, industrial plots up to 4,000 sqm are now allotted through a draw of lots or a lottery system, ensuring a fair and transparent allocation process. Conversely, plots exceeding this size undergo allocation based on the company's profile and an interview process, enhancing the qualitative assessment of larger-scale investments. YEIDA's strategic decision to allocate these industrial plots along the Yamuna Expressway holds substantial promise for stimulating industrial development in the region. By focusing on diverse sectors and offering a spectrum of plot sizes, the Authority aims to create an environment conducive to economic growth and investment diversification. In summary, YEIDA's proactive step in allotting these industrial plots signifies a pivotal move toward fortifying industrial infrastructure and fostering economic progress in the designated sectors. This initiative is poised to attract significant investments, drive employment opportunities, and fortify the region's industrial landscape, aligning seamlessly with the Authority's vision for sustainable and inclusive economic development.
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