• Login
Tuesday, May 26, 2026
Geneva Times
  • Home
  • Editorial
  • Switzerland
  • Europe
  • International
  • UN
  • Business
  • Sports
  • More
    • Article
    • Tamil
No Result
View All Result
  • Home
  • Editorial
  • Switzerland
  • Europe
  • International
  • UN
  • Business
  • Sports
  • More
    • Article
    • Tamil
No Result
View All Result
Geneva Times
No Result
View All Result
  • Home
  • Editorial
  • Switzerland
  • Europe
  • International
  • UN
  • Business
  • Sports
  • More
Home Business

Yogi hands allotment letters to 17 firms; ₹5,000 crore investment, 12,000 jobs expected in YEIDA

GenevaTimes by GenevaTimes
May 24, 2026
in Business
Reading Time: 2 mins read
0
Yogi hands allotment letters to 17 firms; ₹5,000 crore investment, 12,000 jobs expected in YEIDA
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Uttar Pradesh Chief Minister Yogi Adityanath has handed over allotment letters to 17 companies in the Yamuna Expressway Industrial Development Authority (YEIDA) region, paving the way for investments of more than ₹5,000 crore and the potential creation of over 12,000 jobs, the state government said on Sunday.  

The projects span solar energy, information technology, electronics, railways, garments and smart manufacturing, underscoring Uttar Pradesh’s push to position itself as a major industrial and investment destination.

According to the government, most of the companies have committed to prioritising local youth in recruitment.

The biggest investment comes from CESC Green Power Ltd, part of the RP-Sanjiv Goenka Group, which will invest ₹3,805 crore to set up a 3 GW solar cell and module manufacturing facility on 100 acres. The project is expected to generate around 5,000 jobs.

Integrated Batteries will invest ₹1,146 crore in a 4 GW solar PV cell manufacturing unit, creating 500 jobs. Together, the two projects are expected to strengthen Uttar Pradesh’s position in green energy manufacturing.

The IT and IT-enabled services sector also drew significant investment commitments. Arsenal Infosolutions Pvt. Ltd. will invest ₹71.19 crore in an IT/ITES facility expected to create 1,140 jobs, with 40 per cent reserved for local candidates. Virtual Employee Pvt. Ltd. plans to invest ₹48 crore and generate 600 jobs, while Amadeus India Pvt. Ltd. will invest ₹160 crore in an information technology project that will employ 275 people.

Quarks Technosoft will establish a data processing centre with an investment of ₹47.47 crore and create around 1,800 jobs, boosting the state’s digital services ecosystem.

Several firms have also announced investments in electronics and manufacturing. Sainath Sales and Services, Summercool Home Appliances Ltd, Angility Elektrotekniks, Alpha Communication, Advance Panels and Switchgears, and Vega Industries together plan investments across electronic products, appliances, power equipment, EV chargers and electrical components, generating hundreds of jobs.

In the railway sector, JMV LPS Ltd. will invest ₹54.80 crore in a railway signalling products manufacturing unit, creating 405 jobs. The company said 70 per cent of employment would be offered to local youth.

Garment manufacturer Sahu International Attire Pvt. Ltd. will invest ₹70 crore in a ready-made apparel unit that is expected to generate 1,992 jobs, with a target of 70 per cent local hiring.

The list of projects also includes AI-enabled manufacturing ventures. Riddhi Siddhi Papers will invest ₹59.09 crore in an artificial intelligence-based corrugated box manufacturing unit, creating 172 jobs and committing 85 per cent local employment.

NDSB Infrastructure Pvt. Ltd. will invest ₹40.52 crore in a smart energy meter and data analysis project that is expected to create 217 jobs, while MAA PET Pvt. Ltd. will establish a high-barrier AI-based PET sheet manufacturing facility with an investment of ₹29.84 crore.

The latest round of investments signals growing interest in the YEIDA region and adds momentum to Uttar Pradesh’s efforts to attract manufacturing, technology and green energy projects under the Yogi Adityanath government.
 

Read More

Previous Post

4 Takeaways From The Divisional Clash Between The Rays And Yankees

Next Post

Sexually transmitted diseases are rising sharply

Next Post
Sexually transmitted diseases are rising sharply

Sexually transmitted diseases are rising sharply

ADVERTISEMENT
Facebook Twitter Instagram Youtube LinkedIn

Explore the Geneva Times

  • About us
  • Contact us

Contact us:

editor@thegenevatimes.ch

Visit us

© 2023 -2024 Geneva Times| Desgined & Developed by Immanuel Kolwin

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Editorial
  • Switzerland
  • Europe
  • International
  • UN
  • Business
  • Sports
  • More
    • Article
    • Tamil

© 2023 -2024 Geneva Times| Desgined & Developed by Immanuel Kolwin