Investment In YEIDA Plots To Generate 600 Jobs
In line with Chief Minister Yogi Adityanath's ongoing mission to transform Uttar Pradesh into an industrial hub and a focal point for employment generation, the Yamuna Expressway Industrial Development Authority (YEIDA) recently garnered over Rs 37 crore through the e-auction of eight institutional plots.
The successful bidders are poised to invest approximately Rs 86 crore in these plots, facilitating employment opportunities for around 600 individuals after the projects become operational. Notably, YEIDA received Rs 5.65 crore more than the bid size for the e-auction of plots. YEIDA is one of the key investment destinations in India with major projects such as Jewar Airport and Film City taking shape.
E-auction process completed in a fair and transparent manner
The scheme, initiated with information published on 11 December 2023, for plot allotment via e-auction, saw its culmination on March 14, 2024. The e-auction, conducted with utmost transparency under the guidance of CEO Arunveer Singh, resulted in a total bid value of approximately Rs 31.48 crore for eight plots, against which the authority received Rs 37.12 crore, marking an increase of Rs 5.65 crore. This development is poised to inject vigor into the growth trajectory of the Yamuna Expressway Industrial Development Authority.
600 people will get employment
These successful bids are expected to generate employment for approximately 600 individuals. A combined investment of Rs 52.03 crore is set to flow into the YEIDA by finalising six nursing home bids. Implementing these nursing home projects alone will create job opportunities for around 450 people. Additionally, the final bid for the corporate office was more than Rs 9.48 crore, resulting in an anticipated investment of Rs 14.69 crore in the area, creating 120 jobs. Similarly, the final bid for the Senior Secondary School surpassed Rs 13.36 crore, indicating an investment of Rs 19.13 crore and the potential employment of about 30 individuals.
