GRANDE NOIDA: An electronics and mobile accessories hub could become a reality in the Yamuna Highway area, as several companies have expressed interest in the region to invest in the electronics sector, mainly due to the future Jewar International Airport.
Officials said preliminary talks had taken place between the Yamuna Expressway Authority and the Indian Cellular and Electronics Association (ICEA), in the presence of UP Cabinet Minister Sidharth Nath Singh, over the need for land for the implementation. place of an electronics and mobile accessories center in the Region.
While the ICEA was asked to make a concrete proposal where 250 acres of land could be provided to them, officials told TOI that the electronic center is expected to provide investment worth Rs 50,000 crore. to the region and create employment opportunities for local youth. . Earlier on Thursday, UP Minister for MSMEs Sidharth Nath Singh tweeted: “I met the Indian Cellular and Electronics Association with UP MSME and YEIDA to discuss (with) the ICEA of establishment of a cellular and electronic park in UP.
While sources within the Authority maintain that only preliminary talks have taken place with ICEA officials in the presence of the Minister, if approved, the region can expect large investments from of the electronics and mobile accessories division.
“There is no proposal at the moment, as ICEA officials were collecting information about a center for electronics and mobile accessories in the Yamuna highway area. They were asked to make a concrete proposal for the same, ”said Arun Vir Singh, CEO of YEIDA.