The Uttar Pradesh government has decided to expand Noida in view of rising residential and industrial demand.
The New Okhla Industrial Development Authority has drawn up a major expansion plan under the name ‘New Noida’, with the aim of developing the region into a leading domestic and global investment destination. With industrial demand continuing to rise, the new area will be developed over around 20,000 hectares.
Alongside expanding world-class infrastructure and accelerating global investment, the authority has set a target of creating 500,000-600,000 direct and indirect employment opportunities by 2030.
Noida Authority chief executive officer (CEO) Krishna Karunesh said Noida, established in 1976 as an industrial township near Delhi, had emerged as one of north India’s major economic centres. Better infrastructure, strong connectivity and proximity to the national capital have helped attract investment in the manufacturing, information technology and commercial sectors.
