Haier To Invest Rs 3000 Cr In DMIC Integrated Industrial Township

Consumer electronics and home appliances major Haier Appliances India Pvt. Ltd. has been allotted 5,00,572 Sq. Mt.(123.7 Acre) of land in the Township for setting up manufacturing facilities with an investment of Rs 3,069 Crore. The other Chinese Mobile maker Forme’s Indian subsidiary Forme Trading Pvt. Ltd. Is among the first three companies which have been allotted land in the DMIC Integrated Industrial Township Greater Noida (IITGN) project for setting up their manufacturing units.

Satkriti Infotainment Pvt. Ltd., a sister concern of leading audio manufacturer Fenda Audio India Pvt. Ltd., is the other company which has been allotted land in the township project.

Integrated Industrial Township at Greater Noida is the first smart industrial city being developed in Uttar Pradesh under Delhi Mumbai Industrial Corridor, India’s most ambitious $100-billion infrastructure project. The township has been developed through an SPV company DMIC Integrated Industrial Township Greater Noida Ltd. which has been established as joint venture between National Industrial Corridor Development and Implementation Trust (NICDIT) and Greater Noida Industrial Development Authority. The township is exclusively planned for Hi-Tech/IT, Bio-Tech and R&D units and will also have residential and commercial development in future.

Haier Appliances India Pvt. Ltd., whose parent company is China-based Haier Group Corporation, is expected to generate direct employment for 3,950 people and multiple indirect employment.

Satkriti Infotainment Pvt. Ltd. has been allotted 39,602 Sq. Mt (9.8 Acre) of land. The company will invest Rs. 235 Crore in manufacturing unit at IITGN to manufacture consumer appliances. The unit is expected to create 2,000 direct and 5,000 indirect employment opportunities.

Forme Trading Pvt. Ltd., which has been allotted 14,232 Sq. Mt. (3.5 Acre) land, plans to invest Rs. 100 Crore in its new mobile phone manufacturing unit at IITGN which is likely to create 1,600 jobs (600 direct and 1000 indirect).
“The allotment of land to the three companies signals the preparedness of IITGN, a ‘Sustainable-Smart-Safe’ world-class township, to host corporate and industries from India and abroad to set up their industrial units and avail a string of incentives and hassle-free business opportunities,” said Alkesh Kumar Sharma, CEO & MD, DMICDC.
He further said that the objective of DMIC is to provide developed land with well defined internal infrastructure through an empowered SPV to facilitate all clearances. “For IITGN, the beginning has now been made with the allotment of land to these three companies,” he pointed out.

Parthasarathi Sensarma, CEO & MD, DMIC IITGNL, said that the allotment of land to the companies would accelerate the implementation of the flagship project of DMIC Development Corporation (DMICDC) and will further attract more domestic and multinational companies to IITGN due to its unique infrastructure features and smart governance.

“We have started work on the project in full swing to facilitate companies which are willing to set up their industrial units in this futuristic project. This township once developed would be one of it’s kind and act as a model for other cities,” he added.

One of the most ambitious infrastructure projects of the world, DMIC is being developed as a global manufacturing and investment destination with the 1483-km-long western dedicated freight corridor as its backbone. Dholera (Gujarat) is the biggest of the eight industrial smart cities being developed in the first phase of the project. Overall, DMICDC is setting up 56 Greenfield smart industrial townships.

Companies like Hyosung Corporation (South Korea) along with 45 other companies have already been allotted land in Shendra Industrial Area and various enquiries have been received from potential investors in other nodes. – Newsexperts.

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