GREATER NOIDA: Gionee, one of China’s largest mobile phone manufacturers, came scouting for land in the Yamuna Expressway Industrial Development Authority (YEIDA) area on Wednesday. The Chinese company’s interest in setting up its unit comes barely a week after Uttar Pradesh chief minister Akhilesh Yadav handed over provisional allotment of land to Micromax in Greater Noida.
According to YEIDA officials, Gionee is looking for nearly 80 to 100 acres of land to set up their manufacturing unit. The company’s chief financial officer Pradeep Bagri made a presentation to Deepak Agarwal, CEO, Greater Noida Authority, who is currently holding charge of YEIDA, expressing the company’s interest in procuring large expanse of contiguous land in the YEIDA area to set up a manufacturing unit.
“We have shown the delegation land in Sector 24 in YEIDA where an Electronic Manufacturing Cluster already exists. We have also told them about various infrastructure development projects coming up in the area and those that already have a presence like Lava,” said Agarwal. “Things like availability of land, land rates, land location, FAR policy, land use terms and conditions have also been shared with them,” he said.
According to Agarwal, a formal proposal is expected from Gionee soon. “Once we receive the proposal, it will be processed by the UP empowered committee headed by principal secretary (IT) Sanjeev Saran, who will define the incentives and benefits, which will be provided to the company to set up shop,” the CEO said.
With this latest investor showing interest in the YEIDA area, both Greater Noida and YEIDA areas are on their way to become a mobile phone manufacturing hub. “We already have Impex, Micromax, Optimus in Greater Noida and Lava in YEIDA. With all these mega companies setting up their manufacturing units, which will also make components for handsets, we will be able to provide employment to local youth, help boost development besides bringing in huge investment,” Agarwal added.
Members of the Gionee delegation were shown land in Greater Noida as well because they want to start manufacturing within four to five months. Besides, not all the land in the YEIDA area is available because of litigation.
Credits ET Realty