Greater Noida Authority Unveils Major Industrial Plot Scheme to Drive Economic Expansion
In a strategic move to bolster industrial development and attract substantial investment, the Greater Noida Industrial Development Authority has officially launched a comprehensive scheme offering 24 industrial plots across various sectors. This initiative is designed to position Greater Noida as a premier manufacturing and logistics hub, capitalizing on its advantageous proximity to the upcoming Noida International Airport.
Plot Locations and Distribution Details
The industrial plots are strategically located in key areas including Ecotech-1 (Extension 1), Ecotech-6, Ecotech-8, Ecotech-10, Ecotech-11, and Sector 16. According to officials, Ecotech-1 (Extension 1) will feature seven plots, while Ecotech-8 will have five plots. Ecotech-10 will offer two plots, and Ecotech-11 will include six plots. Sector 16 will host three plots, with Ecotech-6 boasting the largest plot spanning 1 lakh square metres, valued at an estimated Rs 350 crore.
Eligibility and Application Process
Applicants will be rigorously evaluated based on multiple criteria such as financial strength, net worth, and potential for employment generation. Special consideration and additional weightage will be given to start-ups, export-oriented units, women entrepreneurs, SC/ST applicants, and proposals for business expansion. Shortlisted candidates will be invited for interviews prior to the final allotment decision.
Interested parties can submit their applications through the Nivesh Mitra portal or directly via the authority's official website. The scheme was inaugurated on April 11, with the deadline for applications set for May 12.
Plot Specifications and Financial Terms
The plots offer a wide range of sizes, from approximately 9,000 square metres to 1 lakh square metres, providing flexibility to accommodate both small-scale enterprises and large industrial operations. The registration amount is fixed at 10% of the premium, calculated based on the current industrial rate of Rs 35,000 per square metre.
Successful allottees have flexible payment options: they can either pay the full premium within 90 days or opt for a staggered payment plan, which requires 40% within 60 days and the remaining balance spread over four years in half-yearly instalments. All plots will be allotted on a 90-year leasehold basis.
Permitted Industrial Activities
The plots are designated for a diverse array of industries, aiming to foster a robust and varied industrial ecosystem. Permitted sectors include agro and food processing, handloom and textiles, electronics manufacturing, semiconductors, electric vehicles, defence and aerospace, data centres, dairy and poultry, and renewable energy projects.
This scheme underscores the authority's commitment to enhancing Greater Noida's infrastructure and economic landscape, making it an attractive destination for both domestic and international investors seeking growth opportunities in a strategically located region.
