Noida, a major exhibition and convention centre, a major golf course, theme parks, better road connectivity with the upcoming Noida International Airport and a proposed Film City along the Yamuna Expressway are in the offing, officials said on Wednesday.
The Yamuna Expressway Industrial Development Authority (YEIDA) on Wednesday convened its 81st board meeting at its Greater Noida office, focusing on various commercial, recreational and connectivity projects in its area. The meeting was chaired by YEIDA President Anil Kumar Sagar.
During the meeting, the authority's board gave in-principle approval to several initiatives designed to attract local and international industrialists while providing world-class recreational facilities for the area's growing population, the executive director of YEIDA, Arun Vir Singh.
"Among the approved proposals is the construction of an exhibition and convention center on 200 acres in Sector 7, near the airport. This advanced facility will showcase prominent companies from sectors such as medical devices, toys, textiles, electronics, automobiles and semiconductors" , he claimed.
"The center aims to provide a unified platform where industrialists arriving at the airport can view products from their respective sectors, facilitating seamless business interactions, exhibitions, conferences and product launches," Singh added.
Besides, YEIDA plans to build an Expo Mart on another 200 acres in Sector 8, focusing on promoting furniture and handicrafts, he said.
India Exposition Mart Ltd, Greater Noida, will conduct feasibility studies for these two projects to determine construction models and revenue generation methods, he added.
Singh highlighted that India Exposition Mart Ltd has applied for 200 acres of land to set up South Asia's largest exhibition, convention and MICE (meetings, incentives, conferences and exhibitions) project in the area.
Currently, the India Expo Center and Mart in Greater Noida, built on 58 acres, hosts 40-50 events a year.
"The board approved in principle the feasibility studies on this proposal and on the furniture and crafts park proposed by IPML," he said.
Singh emphasized the importance of establishing a Convention Center within the Authority area to support business conferences and exhibitions. With the impending Noida International Airport at Jewar and International Film City, the region is expected to see significant growth in international trade, industry, commerce and other activities.
In addition to business and convention facilities, YEIDA has allocated approximately 2,800 acres in sectors 22 F and 23 B for the development of "green recreational" facilities. A feasibility study will be carried out to determine the best prospects for utilizing this area, he said.
"These include an international golf course (1,000 acres), an open stadium, an amusement park and an open-air amphitheatre, which will help make the area more attractive to residents and visitors alike," Singh added.
To improve road connectivity, YEIDA has signed agreements with NHAI for several crucial projects. These include the construction of the northeast approach to the Jewar airport, a 30-metre wide, 8.25-kilometre road, and the VIP access to the airport, an 800-metre road, Singh said.
Additionally, there will be an interchange connecting Eastern Peripheral Expressway and Yamuna Expressway. Previously, the authority had awarded the construction contract for the interchange to a private company, he said.
YEIDA also proposed two ramps at km 23 of the Yamuna Expressway to provide direct connectivity to Film City and residential sectors 18 and 20, which will be constructed at an estimated cost of Rs 20 crore, he added.
The Yamuna Expressway Industrial Development Authority (YEIDA) on Wednesday convened its 81st board meeting at its Greater Noida office, focusing on various commercial, recreational and connectivity projects in its area. The meeting was chaired by YEIDA President Anil Kumar Sagar.
During the meeting, the authority's board gave in-principle approval to several initiatives designed to attract local and international industrialists while providing world-class recreational facilities for the area's growing population, the executive director of YEIDA, Arun Vir Singh.
"Among the approved proposals is the construction of an exhibition and convention center on 200 acres in Sector 7, near the airport. This advanced facility will showcase prominent companies from sectors such as medical devices, toys, textiles, electronics, automobiles and semiconductors" , he claimed.
"The center aims to provide a unified platform where industrialists arriving at the airport can view products from their respective sectors, facilitating seamless business interactions, exhibitions, conferences and product launches," Singh added.
Besides, YEIDA plans to build an Expo Mart on another 200 acres in Sector 8, focusing on promoting furniture and handicrafts, he said.
India Exposition Mart Ltd, Greater Noida, will conduct feasibility studies for these two projects to determine construction models and revenue generation methods, he added.
Singh highlighted that India Exposition Mart Ltd has applied for 200 acres of land to set up South Asia's largest exhibition, convention and MICE (meetings, incentives, conferences and exhibitions) project in the area.
Currently, the India Expo Center and Mart in Greater Noida, built on 58 acres, hosts 40-50 events a year.
"The board approved in principle the feasibility studies on this proposal and on the furniture and crafts park proposed by IPML," he said.
Singh emphasized the importance of establishing a Convention Center within the Authority area to support business conferences and exhibitions. With the impending Noida International Airport at Jewar and International Film City, the region is expected to see significant growth in international trade, industry, commerce and other activities.
In addition to business and convention facilities, YEIDA has allocated approximately 2,800 acres in sectors 22 F and 23 B for the development of "green recreational" facilities. A feasibility study will be carried out to determine the best prospects for utilizing this area, he said.
"These include an international golf course (1,000 acres), an open stadium, an amusement park and an open-air amphitheatre, which will help make the area more attractive to residents and visitors alike," Singh added.
To improve road connectivity, YEIDA has signed agreements with NHAI for several crucial projects. These include the construction of the northeast approach to the Jewar airport, a 30-metre wide, 8.25-kilometre road, and the VIP access to the airport, an 800-metre road, Singh said.
Additionally, there will be an interchange connecting Eastern Peripheral Expressway and Yamuna Expressway. Previously, the authority had awarded the construction contract for the interchange to a private company, he said.
YEIDA also proposed two ramps at km 23 of the Yamuna Expressway to provide direct connectivity to Film City and residential sectors 18 and 20, which will be constructed at an estimated cost of Rs 20 crore, he added.
