Noida to have Japanese, Korean industrial cities, land allotted

The Yamuna Expressway Industrial Development Authority has announced plans to designate sectors for the establishment of 'Japanese' and 'Korean' industrial cities, focusing on electronic manufacturing units.

According to a report by The Times of India, the proposed 'Japanese City' will cover 395 hectares in Sector 5A, while the 'Korean City' will occupy 365 hectares in Sector 4A, both located off the Yamuna Expressway.

Arun Vir Singh, the CEO of YEIDA, said that these electronic hubs will accommodate companies specializing in manufacturing chips, semiconductors, AI equipment, and cameras.

The land acquisition administrative procedures have commenced, with a proposal for Sector 10 submitted to the Uttar Pradesh government. In October of this year, the government issued a notification for the social impact assessment (SIA) concerning the project.

Recently, officials from Noida, Greater Noida, and YEDIA undertook official visits to Japan, South Korea, and Singapore. They conducted roadshows to attract investments, anticipating a total investment of Rs 1 lakh crore from domestic and international sources.

Arun Vir Singh, CEO of YEIDA, expressed satisfaction with the success of the roadshows in Japan and Korea, noting that entrepreneurs from both countries have shown interest in developing these cities.

In line with the broader goal, the UP government aims to attract investments totaling Rs 15 lakh crore in 2023-24. Noida, Greater Noida, and YEDIA have been assigned the task of securing investments worth Rs 6,000 crore each.

YEIDA authorities are optimistic that the development of industrial cities and manufacturing hubs will significantly enhance the region's economy and create job opportunities for over 65,000 people.