The Uttar Pradesh government has announced plans to construct a flatted factory complex in Greater Noida at an estimated cost of Rs 1.25 billion, aiming to strengthen its micro, small and medium enterprise (MSME) sector and advance its goal of becoming a USD 1 trillion economy.

According to an official statement, the project is part of the state's larger vision to position Uttar Pradesh as a prominent industrial hub. The initiative places emphasis on boosting MSMEs alongside the development of heavy industries.

The Yamuna Expressway Industrial Development Authority (YEIDA) will lead the development of the facility in Sector 28 of Gautam Buddha Nagar. The proposed multi-storey factory complex will cover an area of over 38,665 square metres and will offer ready-to-use industrial units suited for manufacturing, assembly, and storage operations.

A flatted factory is designed to accommodate multiple businesses within a single building, providing cost-effective, fully equipped workspaces. The upcoming factory will feature all essential infrastructure, including internal water supply, power, fire safety systems, lifts, and modern HVAC installations.

Preparatory work, including the master plan and technical documentation, is currently underway, with the construction expected to be completed within 24 months. Officials believe the facility will attract new investments, spur regional economic growth, and generate significant employment opportunities, especially for the youth.

The complex is also being designed to be future-ready, ensuring it meets evolving industrial requirements while providing a robust platform for MSMEs to thrive.