YEIDA approves medical hub, Taiwan City near Jewar airport

The Yamuna Expressway Industrial Development Authority has approved a medical hub, a university township, an international stadium, an interstate bus terminal, a Taiwan City and a pharmaceutical manufacturing cluster at its 92nd board meeting in Greater Noida. The projects aim to turn the Jewar-Noida Airport region into an integrated industrial and institutional hub, create new investment avenues and generate employment.

A 500-acre medical hub will come up in Sectors 13 and 14, while a 480-acre university township is planned in Sector 14. Around 50 acres in Sector 23D has been identified for an international stadium, and 36 acres in Sector 34 for a modern mandi. The board also approved 300 acres in Sector 6 for Taiwan City to attract electronics and technology manufacturing investment, and 100-125 acres in the same sector for a pharmaceutical formulation cluster. Land in Sector 23C will be identified for an interstate bus terminal to improve connectivity around Noida International Airport.

The board revised land purchase rates from farmers through mutual consent in Gautam Buddha Nagar and Bulandshahr under Phase-1. The rate has been increased by 6 per cent from Rs 4,300 to Rs 4,558 per square metre. An alternative rate of Rs 4,037 per square metre with 7 per cent abadi plots has also been fixed. A medical device testing facility at YEIDA's Medical Device Park, conforming to US FDA standards, was also approved.