More Residential Complexes in Noida than Industries
Greater Noida was supposed to have 75 percent industries and 25 percent houses for providing accommodation to the workers. But now the trend is reversed. There are even less than 25 percent industries and more than 75 percent multi-storey residential complexes.
Moser Baer was the last company to be set up here around 1998. Prior to it, Honda Siel and LG opened their plants. Denso, Asian Paints, Daewoo and Yamaha are some of the major units operating in the area. Besides manufacturing units, even knowledge-based companies are reluctant to set up shop in Greater Noida due to economic and industrial recession and development into more residential area.
Noida was set up by the Uttar Pradesh government to promote industrial development in this region, but the last company to be set up under the Greater Noida Industrial Development Authority (GNIDA) was in 1998. Since then there have been more residential complexes coming up in what should have an industrial zone.
Perhaps aware of the lack of industrial development, the state government formed another agency, the Yamuna Expressway Industrial Development Authority. But experts say the remedy is worse than the disease.
“If industries are not coming to Greater Noida, who would go to the Yamuna Expressway area, which is 15 km away from here? They should have first developed Greater Noida itself,” a senior office bearer of Association of Greater Noida Industries (AGNI) said, requesting anonymity.
GNIDA Noida, Greater Noida, Greater Noida Industrial Development Authority, More Residential Complexes in Noida than Industries, Noida expressway, Yamuna Expressway
