India is embracing development strategies and introducing projects to shift the economy significantly. Yamuna Expressway – YXP is one of the extensive projects launched by the Government of Uttar Pradesh.
The is a 6-lane expressway expandable to 8, and links to major cities like Greater Noida and Agra. There are various international projects that have occupied this prestigious expressway paving the way for a favorable economy.
In this blog, we bring you insights into the international projects across YXP and unveil their impact on the city.
A Brief History of YXP Noida
The idea of this ultimate expressway was conceived by acquiring an approach to reduce the travelling time between Delhi NCR and Agra. The Government of Uttar Pradesh commenced the project in 2001, led by Rajnath Singh.
However, the constant change in the Uttar Pradesh state government until 2003 made it daunting to have stable financial viability. The Noida YXP was resumed in 2007 after former Chief Minister Mayawati regained power.
What International Projects Has Noida YXP Captured?
The Yamuna Expressway Industrial Development Authority (YEIDA) stands to become a hub for international companies. It is stimulating interest from industrialists within and outside of the country.
As many as 1,564 industrialists have the perspective to invest, resulting in a surge in employment opportunities. Many projects are on the verge of completion, while others have just begun.
Here is a list of a few notable companies that have sparked interest and marked their presence along YXP Noida.
Vivo, an international smartphone brand, is operating through a 50-acre manufacturing plant set-up in Noida YXP. That is where a mass production of 24 lakh mobile phones happens annually. Their first phase of expansion on this expressway alone is crafting an opportunity for 25,000 jobs a year.
Vivo was also allotted 169-acre land by (YEIDA). They are to set up their manufacturing plant in Gautam Buddh Nagar and have an estimated investment of ₹ 3,500 crore.
The name ‘Bikanervala’ twinkles brightly on the list of exclusive restaurants in and outside of India. They have now constructed a meticulous set-up of a food processing unit along with the YXP Noida
The Bikanervala is renowned for its outstanding production of sweet snacks and for offering a memorable dining experience. They supply it to their outlets throughout the country and abroad, now coming to Noida YXP as well. Their initial investment has welcomed the vast growth of the food processing industry.
Avery Dennison is a leading name in global materials science and manufacturing. They serve customer demands while optimizing the new technology and leveraging the improved efficiencies. Avery Dennison has fortified its presence in India by commencing its project on the YXP Noida.
They have announced a 250 cr investment to set up the manufacturing plant. Their expansion plays a pivotal role in the strategy to reinforce the commitment to promote India’s growth.
They have acquired about 12 acres of land and will work in the production of technologically advanced and pressure-sensitive materials to serve the labelling and packaging industry. They aim to integrate the finest practices and be equipped with the latest high-speed coating technology.
Patanjali, a well-established brand in the FMCG sector, has introduced its manufacturing unit in Greater Noida YXP. The unit is said to present a wide range of Ayurvedic products, including:
- Health supplement
- Personal care products
The company has acquired 455 acres, of which 25 acres are set up for institutional use. The initial plan is to set up a research area and a university around the 25 acres. The location of Patanjali in YXP Noida is around sectors 24, 24A, and 22B on a 120-meter wide road.
LG Electronics is a prominent South Korean multinational company that has now also set up its manufacturing unit on the Noida YXP. With their unit on the YXP, there will be significant production of electronics in India.
Yingtong Electronic Technology
9.8 acres of land have been allotted to the leading brand, Yingtong Electronic Technology. This brand along with another Chinese firm, is expected to generate a high number of employment opportunities in the country.
The firm is famed for its quality production of headphones and USB cables. A bright future could be expected with a thriving result by the involvement of Yingtong Electronic Technology in YXP Noida
Surya Global Flexi Pvt Ltd
Surya Global Flexi Pvt Ltd has invested around Rs 953.3 crore in Noida YXP and bought a 38-acre land offering job opportunities to hundreds of people. The firm deals with flexible packaging film and printing. The company promises an established growth opportunity in the country in the future.
Haldiram Snacks Pvt Ltd
Haldiram is a $4 million company and has become a familiar sight on shelves across the USA, UK, and the Middle East. They have been delivering unwavering service for the past sixty years.
The brand is synonymous with quality and taste around the globe. They have now acquired land on the Yamuna Expressway and are functioning to contribute to the nation’s growth along with their brand.
Bodycare International Ltd. has emerged as a successful brand in the innerwear market, hustling with values of trust, quality, and excellence. The company was founded by Mr. Satish Gupta in 1992 with only Rs 2 lakhs, and it is now India’s top manufacturer and supplier of:
- Kids’ undergarments
- Infant wear
Bodycare International is setting up its unit along with Noida YXP to develop products through cutting-edge research and technology, which can bring a great revolution in the Indian innerwear apparel industry. The brand has now become synonymous with offering fashionable products to consumers who are in search of quality at an ideal price.
With major companies investing in this region, we can expect much economic growth and high property values. So, investing in commercial property in YXP could bring a fruitful future.
Want to know more about investing opportunities? Contact Noida’s premier real estate builders – ACE Group.