Adani Group has approached the Uttar Pradesh govt for 700 acres near the Noida International Airport to set up an Industrial and warehousing project. MD and CEO of Adani Logistics Vikas Jaisinghani stated that proposing an Rs.5,500cr investment that could generate 21,000 direct jobs and 42,000 indirect jobs.
The group would deposit 50 per cent of the land value upfront so that it could be acquired without any obstacle
The group would deposit 50 per cent of the land value upfront so that it could be acquired without any obstacle. Calling itself a super mega plus investor, the group sought land under the Phase II master plan of the YEIDA (Yamuna Expressway Industrial Development Authority. In the master plan, Yamuna Expressway Industrial Development Authority has proposed a logistics park at Tappal Bajna. For the rapid development of the UP state, NCR serves as the nerve centre. Noida and Greater Noida shall be the pivot of the NCR growth story. The development of the Jewar airport shall further add momentum to this growth. We propose to develop this infrastructure as a part of the overall commitment of the Adani Group in the logistics sector in the Uttar Pradesh state, wrote in the letter Jaisinghani.
According to YEIDA, they received the letter from Lucknow this week. The offer comes just months before the Uttar Pradesh govt is slated to hold its mega investor summit and at a time when UP chief minister Yogi Adityanath is in Mumbai to discuss investment proposals with top industry barons of India.
The development of the Jewar airport shall further add momentum to this growth
Gautam Adani, chairperson of the Adani group wrote a letter to the Uttar Pradesh govt about the company seeking 250 acres of the YEIDA for setting up a skill development centre.
The skill development centre will be set up in partnership with globally leading skill institutes and will have state-of-art-facilities and labs. Train the trainers’ academy will be the centre of the thrust area, which will source talents from around the world to develop a large pool of faculty for the centre and further skill training facilities in UP and pan India. This centre will provide a skill education to 20,000-25,000 youths. This skill development centre will not only strengthen Noida and western UP as a global Industrial hub but will also be a catalyst for economic growth in the local area. Officials of YEIDA were analysing both proposals. The Adani group already invest in Noida and it has been allotted 2 land parcels in sectors 62 and 80 for setting up data centres. The Adani group has proposed an investment of Rs. 7400cr in these projects.