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64 industries get nod to set up units at UP textile hub

08
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The Yamuna Expressway Industrial Development Authority (YEIDA) recently approved allotment for 64 industries for an apparel park at Yamuna City in Uttar Pradesh’s Greater Noida. The hub, planned across 300 acres, will host 150 textile units. The allotment is expected by January 10 and the YEIDA may give possession to the industries in the next six months.

Expected to provide employment to more than five lakh people, 60 per cent of which would be women, the park is set to attract investment worth around ₹5,000 crore in creating the park.

The apparel export value from Gautam Budh Nagar district now is around ₹18,000 crore. After the park is set up, exports from the district are expected to increase to about ₹30,000 crore, said Lalit Thukral, president, Noida Apparel Export Cluster (NAEC).

He, however, said that the authority needs to give possession to the units at the earliest after completing civil infrastructure in the area, like wide roads, sewerage and electrical connections.

The NAEC plans to employ local workforce for the industries and it will also be holding training sessions in neighbouring villages.

Fibre2Fashion News Desk (DS)


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