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Jewar International Airport: Investor’s Paradise

All eyes are on UP government as they are going to the lay the foundation stone for Noida International Airport, also known as Jewar Airport, during the upcoming Navratras. Becomes the best place for the Investors to Invest.

 

The project has been in news, for all the right reasons, for the past year, to ease the growing strain on the current Delhi International Airport.


The Noida Airport itself will be the centerstage of technology and innovation…


Investors are getting drawn to infrastructural and IT development projects that are slated for in and around Noida.


What To Look Forward To :

 

Earlier this year, Zurich Airport International AG signed a shareholder agreement with Noida International Airport Ltd (NIAL) for the development of the Jewar Airport, which will be a greenfield project.

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The airport will be developed in four phases, with the first one slated to be finished and handed over by 2024.

 

It will initially have one runway and one terminal and will handle 1.2 crore passengers annually. The airport will grow to 7 crores in its 40-year concession period.


The salient features will include –

— 1300 hectares of land exclusively for the airport.
— It will have General Corporate Aviation facilities.
— The airport will also include a VVIP terminal and heli-taxi pads.
— Capability to handle needs of state dignitaries.
— Ability to handle helicopters and private jet movements.


Ancillary Projects To Further Boost State Greater Noida has secured record investments worth Rs 26,530 crores in the past four and a half years.

 

A total of 391 big investors from India and abroad have acquired land in the region for setting up their facilities, making way for employment of more than seventy thousand people.

 

To meet the growing demand of investors, the Greater Noida Authority is setting up eight new industrial sectors and buying about 900 hectares of land.

 

The policies put in place by the state government include promotion of IT, manufacturing and food processing industries.

 

Popular Chinese electronics and mobile phone companies Oppo and Vivo, Hiranadani Group, Dreamtouch Electronics, Inox Air, Lami Plastic Manufacturing are some of the big names that have shown interest in Greater Noida.

 

Furthermore, an integrated industrial township is being built on 750 acres to handle the growing number of prospective investors in Greater Noida region.

 

This is going to be joint venture between Greater Noida Authority and Delhi Mumbai Industrial Corridor (DMIC).


The Ambitious Electronic Park :

 

Just a few weeks ago, The UP government had announced the set up of the Medical Devices Park close to Jewar Airport, the government has also now earmarked 250 acres for an electronic park.

 

It will be a part of Yamuna Expressway Industrial Development Authority (YEIDA).


Some of its features include –

— Expected to attract investment worth Rs 50,000 Cr.
— Manufacturers of TVs, mobile phones, etc, are likely to be attracted to the park.
— Park expected to generate 20,000 jobs.


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Apart from medical device park and electronic park,

— Jewar Airport,
— Film City,
— Toy Park, 
— Leather Park

are also some of the projects announced by the Uttar Pradesh government.

 

Since the decision to set up Jewar Airport in the Yeida area, about 1,942 investors have been allotted land to establish their units.

 

These industrialists are expected to invest ₹17,272.74 crore to set up their factories and will employ more than 2.65 lakh people.