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Land allotted to 69 firms near upcoming Jewar International Airport

As many as 69 firms were allotted industrial land near the upcoming Jewar International Airport in Uttar Pradesh between May and July 2020. These firms have been allocated 146.50 ha land parcel during the three-month period when economic activities largely remained curtailed due to COVID-19 pandemic. The Yamuna Expressway Industrial Development Authority (YEIDA) officials are expecting investments of over Rs 2,300 crore and creation of over 86,000 jobs in the region. There was no industrial land allotment in April 2020. In May 2020, nine firms were allotted 37.50 ha land parcel with a proposed investment of Rs 1,285.58 crore and an anticipated job creation for 5,996 people. In June, 16 firms were allotted 25.88 ha land with a proposed investment to the tune of Rs 315.70 crore. This is expected to generate 26,686 jobs. The maximum allotments were made during July 2020 when 44 firms were allotted 83.27 ha land with a proposed investment of Rs 786.93 crore. This will create additional job opportunities for 53,763 people. In all, 69 firms were allocated industrial land in sectors 29, 32, 33 near the upcoming Jewar International Airport during the three months with expected investments of Rs 2,388.11 crore and job creation for 86,445 people in the region. Sector 29 is being developed for an Apparel Park project which will house several firms dealing in readymade garments. At present, work is underway for Phase-I of the international greenfield airport which will be spread over 1,300 ha and start functioning after two years. Once fully developed, the airport will be spread over an area of 5,000 ha and is touted to be India’s biggest aviation project at an investment of Rs 29,560 crore.