GNIDA attracts FDI worth Rs. 8,000 crore

The Greater Noida Industrial Development Authority (GNIDA) in Uttar Pradesh has attracted Foreign Direct Investment (FDI) worth Rs. 8,000 crore in the past seven years because of its world class infrastructural facilities, connectivity and eco-friendly environment. Over 400 industrial units are already in existence with an investment of over Rs. 8,000 crore.  

Greater Noida has adopted a ‘cluster approach’ for promoting medium and small scale industries wherein an exclusive toy city with over 100 top manufacturers have been allotted land.

A Mahila Udyami Park has also been set up. Export Promotion Industrial Park has also been designed to cater to non-polluting export units.

It will undertake to export at least 33 per cent of their total production and will focus on computer software, hardware, electronics, garments and jewellery. GNIDA also plans to come up with a Software Park, an apparel park and a food city in the near future.

GNIDA CEO Shri Brijesh Kumar said Greater Noida will become the first green field integrated city in Uttar Pradesh. All the urban activities in the area will be privatised.  

Power has been privatised already and negotiations are going on with the UP Power Corporation to set up a generation plant in Greater Noida. GNIDA has finalised to award the contract for solid waste management to India Waste Energy Systems.

ADB extends $ 200m aid for urban infrastructure facility

Asian Development Bank will provide $ 200 million (Rs. 870 crore approximately) loans to India for the urban and environmental infrastructure facility (UEIF) project to be implemented through nodal agencies, ICICI, IDFC and HUDCO.

Under the line of credit negotiated with ADB, the Housing and Urban Development Corporation (HUDCO), ICICI, and IDFC would receive Rs. 390 crore, Rs. 350 crore and Rs. 130 crore respectively, Shri S. Chattopadhyay, Secretary, Union Ministry of  urban employment and poverty alleviation, said in Calcutta on 17.07.2000.

The projects under the UEIF programme would help improve urban infrastructure facilities.

The bank, which has so far extended loans worth $ 6,697 million for 50 projects in India, would provide loans for sectors like water supply, sewarage, solid waste management, air pollution control, streets and enhancement of financial and managerial capacity of urban local bodies.

Shri M. Alam, project implementation officer, ADB said the size of each loan would be limited to a maximum of 40 per cent of the total project cost or Rs. 105 crore, whichever is lower. The balance amount would be lent by the nodal agencies as per their lending norms. Under the UEIF programme, borrowers eligible for the loans from the FIs are urban local bodies and city or state level agencies engaged in development, operation and maintenance of urban infrastructure service

Maharashtra clears phase I of Rs. 325 crore Nagger road project

The Maharashtra government has cleared the first phase of the Rs. 325 crore project to construct roads and flyovers on a build-operate-transfer (BOT) basis in the second capital of the State - Nagger. The total project cost has been estimated at Rs. 600.63 crore. The state government has appointed the Maharashtra State Road Development Corporation (MSRDC) as a nodal agency to carry out this project. It envisages construction of around 40 railover bridges, flyovers and new roads in and around Nagger.