Entrepreneurs to Invest Rs 10,000 cr in Noida

Ahead of UP investors summit which is scheduled to take place in Lucknow of February 21- 22, the Noida authority has completed its target of pulling in investors to invest around 10,000 crores in the city’s development.


Img : eletsonline

Informing about the development, officials of Noida Authority said that they had already inked provisional MoUs with 132 companies worth Rs 9,977 crore. Further few talks were underway for an investment of Rs 5,000 crore. The final deals will be struck in Lucknow during the summit.

Among the big players who have decided to invest money in the city’s development are Paytm (Rs 3,500 crore), Tata Consultancy Services (Rs 2,300 crore), OSE Infrastructure (Rs 1,000 crore), SS Technopark (Rs 1,000 crore), Dharampal Satyapal (Rs 500 crore), Haldiram Snacks (Rs 400 crore), Kent RO systems (Rs 200 crore), KK Industries (Rs 152 crore), Aditya Infotech (Rs 140 crore), Galaxy Ventures (Rs 100 crore) and Uflex (Rs 90 crore).

“About 300 acres had been reserved for the entrepreneurs for their commercial set up.” said official.

A target of Rs 35,000 crore has been given by the UP Government to all the three authorities of Gautam Budh Nagar to be achieved during the summit.