Rs 17-cr investment to create 2.8 lakh jobs along Yamuna Expressway

The Yamuna Expressway Industrial Development Authority (YEIDA) is changing the fate of the region once for all.

The 165-km expressway is likely to open the doors of prosperity as Uttar Pradesh has received an unprecedented investment. In the last five years, YEIDA has received investments to the tune of Rs 16,678 crore.

According to YEIDA, more than 2.8 lakh jobs will be created with these investments. Earlier, the YEIDA board had announced that it has adopted the revised Data Centre policy of the UP government which was formulated in 2021 and decided to authorise its chief executive officer (CEO) for bringing in local policy for data centres.

"A scheme for data centres will accordingly be brought out soon by the YEIDA," a statement had earlier said. After the board meeting, the YEIDA said in a statement, in the financial year 2022-23, a total of 112 industrial plots on 2,63,895 square metres of land have been allotted by the Authority so far, due to which the Authority has received an investment of Rs 1,247.73 crore and about 20,000 new jobs will be created from these allocations.

Along with this, many schemes of the Authority like an International Film City, hotel, mixed land use, petrol pump have been planned at present, from which there are possibilities of getting huge investment from the Authority, it stated.

Compensation to evacuees

Regarding compensation to farmers and villagers in lieu of their land, the YEIDA said it has decided to give the amount being distributed separately to the heirs of the original deceased landowner for the additional compensation for the land acquired/purchased by the government. That is, if the heirs do not want to take the additional compensation in the joint bank account due to certain reasons, then after obtaining the share certificate from the tehsil concerned, the additional compensation will be distributed in different bank accounts in proportion, it said.

In this regard, the tenants belonging to the tehsil, Tehsildar will have to submit a joint affidavit and consent letter to separate the share in which the share of all the heirs is clearly disclosed in the authority, it added.

YEIDA, which is located in close proximity to Delhi and other major cities in Uttar Pradesh, has given a boost to the local economy by boosting economic activities, tourism and trade. More importantly, it will provide jobs at various levels as the region is attracting huge investments from manufacturing, IT and electronics sectors, among others.

29 villages turn 'smart'

As many as 29 villages situated along the expressway, which lacked basic facilities such as drainage or drinking water facilities just a few months ago, are all set to write their success story now, thanks to YEIDA.

Due to the developmental activities going on in and around, 29 villages are turning into 'smart' ones as they are now getting modern facilities such as sewage, drainage, roads, drinking water, electricity, optical fiber for telephone and cable connectivity, among others.