DELHI: The government on January 20 approved an investment of over Rs 1,700 crore in creating trunk infrastructure such as roads, bus rapid transit system and telecom and IT infrastructure for an industrial township, in an attempt to leverage it to attract private investment of over Rs 33,000 crore near the town in Uttar Pradesh where development has slowed down with attention diverted to the Yamuna Expressway.
The proposed industrial township is part of an “early bird project” with a multi-modal hub also planned in Dadri, which part of the Delhi-Mumbai Industrial Corridor (DMIC). The township is proposed under the 2021 master plan and will be spread over close to 750 acre. The Greater Noida township was cleared by the cabinet committee on investment along with a similar facility near Ujjain in Madhya Pradesh, which will focus on auto, IT and IT-enabled services as well as a model solar power project in Neemrana, Rajasthan.
“The idea is to create the eco-system for knowledge-based industries to create a hub in the industrial township,” said a senior government official. Sources said that apart from real estate activity to meet the housing and office needs, the focus will be on setting up an electronics hub, including a semiconductor fabrication facility, biotechnology and research and development. “The focus is on things like nanotechnology, biosimilars and bio-pharma, which will not just boost local manufacturing but reduce our dependence on foreign suppliers,” said an official.