DMIC Integrated Industrial Township Greater Noida Limited (IITGNL) has been declared as the fourth industrial authority in Gautam Budh Nagar, giving a major boost to the SPV’s efforts of building a smart township along the Delhi-Mumbai Industrial corridor.
Under a notification issued by the government of Uttar Pradesh, IITGNL will have the powers to sanction building of maps, create layout plans, apart from planning urban areas in the township as well as continuing with the process of allotment of industrial plots. The other three industrial authorities in Gautam Budh Nagar include: Noida, Greater Noida and Yamuna Expressway.
“The decision by the Uttar Pradesh government will facilitate IITGNL’s potential to frame its own bylaws and grant different proposals, raising expectations of doing business with ease. We see this development as a significant step in furthering IITGNL’s goal of setting up a dedicated industrial township in the DMIC corridor,” said Alkesh Sharma, CEO and MD, Delhi Mumbai Industrial Corridor Development Corporation (DMICDC).
So far, IITGNL has allotted industrial plots to four corporate houses this year, with investments worth more than 3,500 crore rupees. The companies, who will be setting up their manufacturing facilities at the township, include: Haier Appliances India, Chinese Mobile maker Forme’s Indian subsidiary Forme Trading, Satkriti Infotainment, and Starion India.