The Uttar Pradesh government has taken a significant step to accelerate industrial growth in the Yamuna Expressway region by approving a substantial interest-free loan for land acquisition. This move is set to fast-track major projects near the upcoming Noida International Airport.
Major Financial Boost for Industrial Expansion
The state government has sanctioned an interest-free loan of Rs 2,474 crore to the Yamuna Expressway Industrial Development Authority (YEIDA). This financial infusion, approved through a government order dated January 5, is earmarked specifically for purchasing land to develop new industrial sectors and expand existing ones in the Yamuna City area. The funds have been released under the Chief Minister's Industrial Area Expansion and New Industrial Area Promotion Scheme for the financial year 2025–26.
Officials clarified that the land acquisition process will be conducted with the consent of farmers, ensuring a cooperative approach to development. This sanctioned amount represents a portion of the larger Rs 5,500 crore provision made under the same scheme for the current financial year. According to the terms, YEIDA is obligated to repay the loan as per conditions detailed in government guidelines issued on August 2, 2023. The order further mandates strict compliance with all financial rules, budget manuals, and audit norms, holding the authority fully accountable for any financial irregularities.
Accelerating Projects and New Plot Allotments
The release of funds is expected to significantly speed up ongoing and planned projects, as land acquisition is already in progress across several sectors. Officials confirmed that land acquisition in industrial Sector 8D has been completed. This sector is slated to host a solar power generation unit, along with logistics and warehousing facilities strategically located near the Noida International Airport.
Additional land acquisition is planned for Sectors 5, 6, 7, 10, and 11, as well as for remaining parcels in older sectors. With the fresh capital, the authority is preparing to fast-track these purchases and subsequently allot developed plots to major companies, aiming to give a substantial boost to industrial activity in the region. Officials stated that once the acquisition process is complete, new schemes will be launched, and plots will be offered to large investors.
New Opportunities in Medical Device Park
In a parallel development, YEIDA has launched a fresh plot scheme within the Medical Device Park located in Sector 28 of Yamuna City. The authority is offering 22 plots of various sizes, including 11 plots of 1,000 square metres, 9 plots of 2,100 square metres, and 2 larger plots of 5,940 square metres. The application window for this scheme is set to open on January 12 and will close on February 11.
This initiative adds to the park's growing ecosystem. So far, 101 plots have been allotted in the Medical Device Park. Construction work is currently underway for more than seven companies, and one unit has already commenced production, signaling active development in this specialized industrial zone.
The combined effect of the large interest-free loan for general industrial land and the specific plot offerings in the Medical Device Park underscores a concerted push by the state government and YEIDA to transform the Yamuna Expressway region into a major industrial and economic hub, capitalizing on its proximity to the new international airport.
