Greater Noida authority allots 20 industrial plots, to attract investment of Rs 430 crore

NEW DELHI: Greater Noida authority has allotted 20 industrial plots in January 2022, which will attract investment of Rs 430 crore and provide employment to 3000.

On Tuesday, the authority allotted 19 plots of 2000 square metre. On Monday, UAE-based Lulu group had acquired 20 acre industrial land at Greater Noida at Rs 75 crore to set up a food and vegetable processing unit. The company will invest Rs 200 crore to set up the facility.

According to the Greater Noida authority, 80,940 sq mt plot has been allotted to Fair exports India pvt ltd, which is owned by Lulu group.

The authority is already in the process of auctioning more than two dozen commercial, industrial and institutional plots and expects to generate more than Rs 1,000 crore from the exercise.

Under the online industrial plot allotment open ended scheme, the authority had 21 industrial plots ranging from 2,000 sq metre to 80,940 sq mt.