Investors hail UP’s biz climate after YEIDA allotments

Lucknow: Investors who received land allotment letters under the Yamuna Expressway Industrial Development Authority (YEIDA) on Friday hailed UP’s evolving industrial ecosystem, citing improved infrastructure, quicker clearances and better connectivity as key reasons behind expanding their businesses in the state.The allotment letters were handed over to 17 investors planning projects in sectors such as renewable energy, electronics, apparel, IT services, home appliances and industrial manufacturing in the fast-developing YEIDA region near the upcoming Noida International Airport.Among the firms that received allotments were Integrated Batteries India Pvt Ltd, CESC Green Power Ltd, Vega Industries Pvt Ltd, Sahu International Attire Pvt Ltd, Amadeus India Pvt Ltd, Summercool Home Appliances Ltd and Agility Electrotechnics Pvt Ltd.Investor representatives used the occasion to speak about what they described as a transformed investment environment in the state.Anshul Khandelwal of CESC Green Power Ltd said: “UP had emerged as one of the country’s most attractive destinations for industry because of its infrastructure and policy support. Industries need speed, transparency and strong infrastructure, and all those factors are now available here.”Referring to the infrastructure coming up around Jewar Airport, Khandelwal said the facilities being developed in the YEIDA region were globally competitive. He added that his company planned to ensure 40-50% participation of women in its workforce and was also looking at setting up a Centre of Excellence linked to renewable energy.Another investor, SK Mahajan of Integrated Batteries India Private Limited, said the state had created an ecosystem where industries could be established quickly and operational issues resolved efficiently.Recalling his experience during the Covid-19 lockdown, Mahajan said he was contacted by the govt in April 2020 regarding industrial investment opportunities and received an allotment letter within days. He said his group’s units currently employ around 750 people across facilities in UP.Several investors pointed to the state’s expanding expressway network, airport infrastructure and industrial corridors as major advantages for businesses looking to scale operations.Officials said the new investments are expected to generate significant direct and indirect employment while strengthening UP’s push to attract large-scale industrial projects.