NOIDA, India – The Yamuna Expressway Industrial Development Authority (YEIDA) area is rapidly transforming into a robust manufacturing and technology hub, drawing significant investments totaling approximately ₹12,000 crore from at least eight prominent companies. This surge in industrial activity, strategically positioned near the upcoming Noida International Airport, is poised to generate an estimated 22,000 jobs, bolstering Uttar Pradesh’s economic landscape.
A substantial portion of this investment, around ₹4,000 crore, is being channeled by three major technology firms into dedicated manufacturing facilities. Ascent-K Circuit, a specialist in advanced electronics, has been allocated 16 acres within the 206-acre Electronics Manufacturing Cluster (EMC) 2.0 in Sector 10. Here, it plans to produce high-end printed circuit boards (PCBs), including HDI, flex, multilayer types, and semiconductor substrates, with an exploration of a joint venture with Korean partners. Alongside, Aurionpro ToshiAutomatic Systems will occupy five acres in the same cluster, focusing on industrial automation and smart transit and mobility solutions.
Complementing these, Amber Enterprises India Ltd, a key component of Ascent, is set to establish a large-scale unit on 100 acres in Sector 8. This facility will be dedicated to manufacturing copper-clad laminates, PCB assemblies, consumer electronics, and home appliances. The collective investment by Ascent and Amber across these two projects is projected to reach ₹4,000 crore.
The EMC 2.0, a flagship initiative, recently received in-principle approval from the Ministry of Electronics and Information Technology (MeitY). The project, expected to be completed by January 31, 2028, is supported by a central government sanction of ₹144 crore, with YEIDA contributing an additional ₹340 crore. Havells India Ltd serves as the anchor investor within this cluster, having secured 50 acres for an ₹800 crore manufacturing unit for fans, air conditioners, switchgear, cables, and lighting equipment, anticipated to create over 1,000 direct jobs by 2026. The cluster also includes 66 other industrial plots and innovative flatted-factory complexes designed to attract startups and smaller enterprises.
Beyond the technology sector, the YEIDA region is diversifying its industrial base with several other key investments:
- Fuji Silvertech Concrete Pvt Ltd: An Indo-Japanese collaboration, this firm is setting up a ₹345 crore precast concrete product manufacturing facility on 20 acres in Sector 32, projected to create 5,844 jobs. This marks a significant achievement as the first land allotment under Uttar Pradesh’s new Foreign Direct Investment (FDI) policy, introduced in November 2023.
- TI Medical Private Limited: A ₹211 crore joint venture between Tube Investments of India (Murugappa Group) and Premji Invest, this company will establish a unit on 11 acres within the Medical Device Park in Sector 28 for manufacturing dialysis machines, dialyzers, and anesthesia kits.
- Minda Corporation Limited: This automotive component manufacturer is expanding its footprint with two units. One, a ₹524 crore project in Sector 24 on 22 acres (in collaboration with Korea’s Daesung and India’s Loconav), will produce ignition switches and steering locks, creating 2,275 jobs. A second unit, approved by the state’s empowered committee, will be on 10 acres in Sector 10, with an investment of ₹508 crore for wire harnesses and other automotive components.
- Vama Sundari Investments Pvt Ltd (HCL Group & Foxconn): This significant ₹3,706 crore joint venture is setting up a semiconductor testing and manufacturing (OSAT) facility on 48 acres in Sector 28. Approved by the Cabinet on May 14, this unit will produce display driver chips for various devices and is poised to be India’s sixth such semiconductor testing and manufacturing facility. Furthermore, Foxconn is reportedly in discussions with the UP government for a larger 300-acre electronics manufacturing unit in Greater Noida.
- Escorts Kubota Corporation: A joint venture between Escorts and Japan’s Kubota Corporation, this partnership plans a major ₹4,500 crore investment to build a tractor parts and engine manufacturing plant on 200 acres in Sector 10.
- Pine Valley Ventures Pvt Ltd: This company is investing ₹1,080.82 crore to establish a readymade garments and accessories unit on 20-25 acres in Sector 10.
- Poly Medicure Ltd: This medical equipment firm has applied for 7 acres in the Medical Device Park in Sector 28 for a ₹150 crore manufacturing unit.
Arun Vir Singh, CEO of YEIDA, emphasized the region’s increasing appeal to both domestic and international investors. “The Noida International Airport and dedicated industrial parks have made the Yamuna region highly attractive,” Singh stated, highlighting that “these investments will not only create 22,000 jobs but also position the area as a key manufacturing hub in North India.” These land allotments, while provisional, reflect the state’s aggressive push through investor-friendly policies, including land subsidies and tax incentives, to foster a robust industrial ecosystem.
