The Yamuna Expressway Industrial Improvement Authority (YEIDA) introduced on Friday that it plans to launch a flatted factory scheme in a number of sectors to encourage entrepreneurs who need to arrange factories with out buying industrial plots. The scheme can be anticipated to profit start-up corporations wanting to arrange store near the Jewar airport, officers stated.
In accordance to Arun Vir Singh, CEO of YEIDA, “We are going to provide you with a flatted scheme subsequent week. Those that need to arrange models with out shopping for the plot and constructing can simply achieve this. Aspiring businessmen may also take house on lease in these flatted factories and arrange their models with out investing enormous sums of cash.” Officers have stated that the factories can be prepared to be used throughout the subsequent 12 months.
In accordance to officers, YEIDA will assemble flatted factories on a 20,000-square-metre plot in Sector 28, the place the Medical System Park has been developed. It is going to additionally construct factories on two plots, measuring 18,000 and 20,000 sq. metres respectively, in Sector 29, the place the Attire Park challenge for textile businessmen is at present beneath growth. The scheme will embody 100 factories in every sector, with every constructing being 4 storeys excessive.
YEIDA determined to introduce this scheme after a group of senior officers returned from a nine-day tour of Japan, South Korea, Singapore, Germany, and different international locations. Through the tour, the group organized roadshows to appeal to buyers and found that the flatted factory scheme may benefit those that need to begin a enterprise on a small finances.
Officers stated that when the challenge is accomplished, YEIDA plans to construct flatted factories in different sectors, together with Sectors 32 and 33. Rishabh Nigam, president of the Yamuna Expressway Entrepreneurs Affiliation, stated that the scheme will profit those that have restricted funds and wish to arrange models near the airport challenge web site. “As soon as these flatted factories are prepared, many younger businessmen who need to arrange start-ups will come and arrange models right here,” he stated.
