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Over 800 investors buy land at 2 MSME parks in Noida: Govt

Two micro, small and medium enterprise (MSME) parks, coming up in Noida, have seen 812 investors buying lands at the proposed sites to set up units at a cost of Rs 2,345 crore. A government spokesperson on Tuesday said once they get functional, these units at the two parks would be able to provide employment to more than 42,800 people.
“After the establishment of these parks in Noida, similar MSME parks will be set up in Agra, Kanpur, Moradabad, Varanasi, Azamgarh and Gorakhpur. The move will boast several MSMEs,” he said.


Yamuna Expressway Industrial Development Authority (YEIDA) officials said that many companies which purchased land had also started construction on the site.
These include Swastik Industries, United Logistics, Syria Impex, DR Auto Industries, Rushya Agritech Pvt Ltd, MV Exim Pvt Ltd, Ranexa Medical, Shree Balaji Printing and Gapdec Infratech Ltd.

UP boasts of 14.2% of the total MSMEs in the country. These have been responsible for exporting goods worth more than Rs 1.14 lakh crore annually for the last three years.
The MSME parks will provide facilities like business and shopping centres, incubation centres, hotels and restaurants, hostels, office blocks, health and fire stations along with factories and factory sheds. A certification lab will also be set up in the park, which will also have storehouses, container and truck terminals etc.