UP govt invests Rs 125 Cr in flatted factory in Greater Noida to boost MSMEs
The proposed complex is expected to play a crucial role in attracting investments to the region, driving local economic development, and generating employment opportunities, particularly for youth.
The Uttar Pradesh government will construct a flatted factory in Greater Noida to boost the state's micro, small, and medium enterprises (MSMEs) sector and strengthen its push toward becoming a $1 trillion economy. The Yamuna Expressway Industrial Development Authority (YEIDA) has drawn up a detailed plan for the flatted factory complex that will be developed in Sector 28 of Greater Noida, Gautam Buddha Nagar, with a total investment of Rs 125 crore.
According to an official statement, the initiative is part of UP's vision to transform the state into a leading industrial hub, with a strong focus on supporting MSME alongside heavy industries.
The flatted factory, a multi-storey industrial building designed for the purpose of accommodating several businesses and covering over 38,665 square, is divided into smaller units and utilised for activities like manufacturing, assembly, and storage. It will provide fully equipped units with all essential facilities, enabling seamless production and operations. The statement said preparatory work, including the master plan and related reports, is underway for the factory, with construction expected to be completed within 24 months. The proposed complex is also expected to play a crucial role in attracting investments to the region, driving local economic development, and generating employment opportunities, particularly for youth.
Along with the main building, the complex will be developed to meet future needs. It will include all modern facilities such as internal water supply, electricity, fire safety systems, elevators, and HVAC (heating, ventilation, and air conditioning), the statement said.