Lucknow / Nov 6, 2020
Japanese automotive components and wiring major Yazaki will invest Rs 2,000 crore in a greenfield manufacturing unit in Uttar Pradesh.
Established in 1941, Yazaki Corporation is an independent automotive component and wire harnesses maker. It commands a considerable share of the global market, while its product profile also includes meters, electronic components etc. Its maiden overseas production facility was established in Thailand in 1962.
While talks with the company were continuing with regards to the proposed investment, Yazaki had yet not decided on the location of its plant.
According to UP infrastructure and industrial development commissioner (IIDC) Alok Tandon, the upcoming Jewar international airport in Greater Noida and the various logistics, cargo and manufacturing hubs in the state were contributing immensely in attracting fresh private investments in different sectors.
The proposed MSME Park, Electronics Park, Apparel park, Handicraft park and Toy park, apart from the 1,000 acre Film City, are also coming up in the Western UP region. All these schemes are expected to bring investment worth Rs 40,000 crore and generate nearly 300,000 job opportunities.
So far, UP had attracted more than 40 investment intents from top industrialised countries viz. Japan, USA, the UK, Canada, Germany, South Korea etc. totalling Rs 45,000 crore, while a large number of these proposals were already in the advanced stages for fruition and the land had also been allotted to the investors.
In the last six months, the UP industrial development authorities had allotted 326 industrial plots spanning 426 acres with a total investment profile of Rs 6,700 crore and employment potential of more than 135,000. These companies included major investors such as Hiranandani Group, Surya Global, Hindustan Unilever, MG Capsules, Kesho Packaging, Mountain View Technologies etc.
Even as the state possessed 20,000 acres of ‘ready to move’ industrial land bank, the government had set the ambitious target of developing an additional 5,000 acres of land bank in the current fiscal 2020-21.
The state has identified 22,000 acres of land along the different expressways for industrial development. Out of these, six high potential locations have been identified at Firozabad, Agra, Unnao, Chitrakoot, Mainpuri and Barabanki districts for establishment of industrial parks through various development models.
No comments:
Post a Comment