The Yamuna Expressway Industrial Development Authority (YEIDA) has allocated two sites for the creation of Japanese and Korean industrial “cities” in the city of Noida, a satellite of the Indian capital, The Times of India reported on February 26. India.
According to the report, Indian authorities expect companies from Japan and South Korea to set up electronics production units in these “cities”. This applies, for example, to companies that produce chips, semiconductors, artificial intelligence equipment and cameras.
Both ‘cities’ will be located along the Yamuna Expressway. 395 hectares are allocated to the Japanese and 365 hectares to the Koreans.
“The accessibility of the Noida International Airport at Jewar, located just 10 km away, is expected to give these two projects a boost in terms of connectivity.””says the message.
In addition, the benefits on land prices and stamp duties should help these industrial zones operate.
YEIDA CEO Arun Vir Singh shared details about these ‘cities’.
“They are planned to be self-sufficient, with housing, schools, hospitals and other amenities needed by the Japanese and Korean citizens living there.”– he said.
According to the report, representatives of some Japanese companies previously visited the territory of the future “city.” After evaluating the location and conducting soil tests, they expressed interest in investing in the region.
Source: Rossa Primavera
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