UP to acquire 760 hectares for Japan and South Korea cities in Noida

07 Jun 2024 CW Team

On May 22, 2024, Yogi Adityanath, Uttar Pradesh Chief Minister, addressed a campaign meeting for the Lok Sabha elections at Mariahu, in Jaunpur.

The Uttar Pradesh government aims to acquire nearly 760 hectares of land to develop exclusive Japanese and South Korean industrial enclaves in Noida.

The nodal agency, Yamuna Expressway Industrial Development Authority (YEIDA), will acquire land in Gautam Buddha Nagar district for the proposed Japanese and South Korean industrial cities.

Additionally, YEIDA plans to invest more than Rs 25 billion to develop the twin Japanese and South Korean cities, which will span 395 hectares and 365 hectares, respectively.

A senior UP government official explained that these hubs are intended to attract manufacturers from Japan and South Korea to set up units in Uttar Pradesh to serve both domestic and global markets.

The proposal to develop these cities was introduced during the UP Global Investors Summit (GIS) 2023 after discussions with investors from Japan and South Korea.

The Yogi Adityanath government has already received a positive response from investors.

The official noted that since the two mega industrial townships will be located near the upcoming Jewar International Airport, it is expected to attract substantial foreign investments, especially in electronics and information technology (IT).

Previously, YEIDA Chief Executive Officer (CEO) Aun Vir Singh mentioned that the cities would support the manufacturing of electronic products, including artificial intelligence (AI) equipment, microchips, and semiconductors, among others.

The UP Foreign Direct Investment (FDI) policy, seamless connectivity, and growth potential in the Noida-NCR region are also drawing companies to commit investments in the state.

Furthermore, the authority is planning to acquire about 6,000 hectares along the Yamuna Expressway for development near the international airport, with YEIDA expected to spend Rs 140 billion on land acquisition over the next two years.

On May 22, 2024, Yogi Adityanath, Uttar Pradesh Chief Minister, addressed a campaign meeting for the Lok Sabha elections at Mariahu, in Jaunpur. The Uttar Pradesh government aims to acquire nearly 760 hectares of land to develop exclusive Japanese and South Korean industrial enclaves in Noida. The nodal agency, Yamuna Expressway Industrial Development Authority (YEIDA), will acquire land in Gautam Buddha Nagar district for the proposed Japanese and South Korean industrial cities. Additionally, YEIDA plans to invest more than Rs 25 billion to develop the twin Japanese and South Korean cities, which will span 395 hectares and 365 hectares, respectively. A senior UP government official explained that these hubs are intended to attract manufacturers from Japan and South Korea to set up units in Uttar Pradesh to serve both domestic and global markets. The proposal to develop these cities was introduced during the UP Global Investors Summit (GIS) 2023 after discussions with investors from Japan and South Korea. The Yogi Adityanath government has already received a positive response from investors. The official noted that since the two mega industrial townships will be located near the upcoming Jewar International Airport, it is expected to attract substantial foreign investments, especially in electronics and information technology (IT). Previously, YEIDA Chief Executive Officer (CEO) Aun Vir Singh mentioned that the cities would support the manufacturing of electronic products, including artificial intelligence (AI) equipment, microchips, and semiconductors, among others. The UP Foreign Direct Investment (FDI) policy, seamless connectivity, and growth potential in the Noida-NCR region are also drawing companies to commit investments in the state. Furthermore, the authority is planning to acquire about 6,000 hectares along the Yamuna Expressway for development near the international airport, with YEIDA expected to spend Rs 140 billion on land acquisition over the next two years.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..