By Thursday, the last day for the submission of applications, the number of applications is possible to reach 360. Later on December 5 a draw of lots would take place and the plot allotments may produce investments up to Rs 1,000 crore and revenues varying from Rs 250 to 300 crore for the authority.

250 applications received by Greater Noida Authority for 90 industrial plots

Under a scheme initiated on November 3, GNIDA (The Greater Noida Industrial Development Authority) has obtained 250 applications for 90 industrial plots. By Thursday, the last day for the submission of applications, the number of applications is possible to reach 360.

Later on December 5 a draw of lots would take place and the plot allotments may produce investments up to Rs 1,000 crore and revenues varying from Rs 250 to 300 crore for the authority.

Also, officials said that it would also generate employment opportunities for 2,500-3,000 people.

The location of industrial plots are in sectors Ecotech 1 Extension 1 and Ecotech 6 and these plots will vary from 450 square meters (sqm) to 40,470 sqm. The assignment of plots, less than 4,000 sqm in size, would be performed by a draw of lots.

Though, interviews will be conducted by GNIDA  for plots sized over 4,000 sqm. Officials said that any industry who is non-polluting can operate on the land.

Previously, the authority had inaugurated a scheme comprising 23 industrial plots, during which the public exhibited similar excitement.

Total 384 entrepreneurs submitted applications and out of which 340  had wanted to make full payment at a go.

Greater Noida remains the first choice of entrepreneurs in terms of industrial investment. For this reason, all the industrial plot schemes of the authority are successful,” said Narendra Bhooshan, CEO, GNIDA.

He added that in the past few years, the authority had enhanced the business situations for investors.

“Greater Noida has become one of the best cities in the country in ease of doing business. Investors are constantly demanding land from the authority for setting up industries. Our Udyog cell handles these demands, drawing up industrial plot schemes periodically,” said Narendra Bhooshan, CEO, GNIDA.

GNIDA website contains all further details related to the scheme.