Make in India : In a breakthrough, Korean Giant company Samsung Electronics is expanding its plant in Noida. This is the second plant of the enterprise in the same place. MoU has been signed between UP government and Samsung India.
Akhilesh Yadav government has signaled green for setting up a new manufacturing plant in Noida by Samsung Electronics. In this regard a MoU (Memorandum of Understanding) has been signed between State Chief Secretary, Rahul Bhatnagar and HC Hong, President & CEO of Samsung India Electronics.e deal was witnessed by the UP Chief Minister.
Uttar Pradesh state Principal Secretary for Industries and Chairperson of Noida Authority, Rama Raman has announced that the deal would pump a huge investment of approximately Rs.2000 Crores.
He also declared that about 30 acres of land had been sanctioned for Samsung in Noida. In the allotted land the company intends to set up a new plant for manufacturing purpose. The state cabinet has approved the company under “Super Mega A” category of their Industrial policy.
Samsung has said the production would start from the year 2019 under the make in India campaign. The state government plans to make Noida as the Industrial Hub. But there are few environmental concerns as there is a threat to river Yamuna and therefore for World’s Wonder “ Taj Mahal.”
On the other hand, VIVO and spice mobile companies are also lobbying for the place in Noida. To look into the matter, a committee has been formed which comprises of Greater Noida and Yamuna Expressway Industrial Development Authority (YEIDA) area. Deepak Agarwal, Chief Executive Officer (CEO), Greater Noida Industrial Development Authority (GNIDA).
The officials from UPDESCO and Uttar Pradesh IT department will also take part in the meeting along with the committee members to finalize the land allotmentVIVO is seeking 200 acres of land while whereas Spice is asking about 100 acres of land in Noida.