+
Amber Enterprises to Invest Rs 60 Bn in Noida Electronics Hub
ECONOMY & POLICY

Amber Enterprises to Invest Rs 60 Bn in Noida Electronics Hub

Amber Enterprises is set to invest Rs 60 billion to establish a large-scale electronics manufacturing facility near the upcoming Noida International Airport in Jewar. The announcement follows a meeting between Uttar Pradesh Industrial Development Minister Nand Gopal Gupta and Amber Enterprises promoter Jasbir Singh in Lucknow.

As per an official statement, the company aims to set up units for PCB assembly, home appliances, and consumer electronics production under this project.

The Yamuna Expressway Industrial Development Authority (YEIDA) has issued a Letter of Intent for 100 acres of land in Sector 8 for the project. The site is located near the Jewar airport, along the Yamuna Expressway.

The minister stated that the initiative would boost industrial development in the state and generate employment opportunities. The electronics and white goods ecosystem in the region is also expected to benefit from the new facility.

Amber Enterprises is a leading manufacturer of air conditioners and allied electronics.


News source: Outlook Business

Amber Enterprises is set to invest Rs 60 billion to establish a large-scale electronics manufacturing facility near the upcoming Noida International Airport in Jewar. The announcement follows a meeting between Uttar Pradesh Industrial Development Minister Nand Gopal Gupta and Amber Enterprises promoter Jasbir Singh in Lucknow.As per an official statement, the company aims to set up units for PCB assembly, home appliances, and consumer electronics production under this project.The Yamuna Expressway Industrial Development Authority (YEIDA) has issued a Letter of Intent for 100 acres of land in Sector 8 for the project. The site is located near the Jewar airport, along the Yamuna Expressway.The minister stated that the initiative would boost industrial development in the state and generate employment opportunities. The electronics and white goods ecosystem in the region is also expected to benefit from the new facility.Amber Enterprises is a leading manufacturer of air conditioners and allied electronics.News source: Outlook Business

Next Story
Infrastructure Energy

UERC Rejects Pleas Over Cancelled 200 MW Solar Awards

The Uttarakhand Electricity Regulatory Commission (UERC) has rejected review petitions filed by 12 solar developers against the cancellation of Letters of Award (LoAs) issued under the state’s 200 MW Solar Programme.The scheme, launched by the Uttarakhand Renewable Energy Development Agency (UREDA) under the 2013 solar policy, aimed to help Uttarakhand Power Corporation Ltd (UPCL) meet its renewable purchase obligations through tariff-based competitive bidding.The projects—classified under the Type I category—had original commissioning deadlines in 2019–2020, later extended multiple ti..

Next Story
Infrastructure Energy

Solarium Wins Rs 266 Million Rooftop Solar Orders

Solarium Green Energy has secured two significant work orders valued at a combined Rs 266 million for rooftop solar projects across various locations in the Northeastern States, under the Ministry of Home Affairs.The first order, worth approximately Rs 129.8 million, was awarded by NTPC Vidyut Vyapar Nigam Limited (NVVN) for the development of a 3,319 kW rooftop solar photovoltaic (PV) project. This was tendered under the NVVN’s “Selection and Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (51–200 kW) across India”. The project is scheduled ..

Next Story
Real Estate

Omaxe Secures Rs 5 Billion From Oaktree For Expansion

Omaxe Group has raised Rs 5 billion in funding from Oaktree Capital Management LP, a global investment firm specialising in alternative investments, to fuel the development of ongoing projects and support future growth plans.In a regulatory filing dated 28 July, the company confirmed that the funds will support construction and infrastructure development across key markets, including New Chandigarh, Lucknow, Ludhiana, and Faridabad. The capital will also be directed towards flagship projects such as Omaxe State in Dwarka, an upcoming integrated township in Amritsar, and a new township in Indor..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?