Electronic manufacturing service company, Sunwoda is also expected to commence operations in the district in t... Read More

GREATER NOIDA: Riding on the relaxed foreign direct investment ( FDI ) norms, the Greater Noida Authority is expecting to generate close to 1.25 lakh jobs over the next two years. Officials said they are in talks with about 60 foreign companies that are interested in setting up manufacturing facilities around Delhi and are confident of convincing at least 30 of them to start operations within 2021.

Greater Noida Industrial Development Authority ( GNIDA ) CEO Narendra Bhooshan, who visited China in September as a member of the UP government delegation for investment promotion, said, “During the visit, we focused on convincing mobile parts and components manufacturers to open facilities in Gautam Budh Nagar. A lot of Chinese companies, particularly mobile brands, which have been operating in Greater Noida find it difficult to procure parts. We want to ensure end-to-end production locally.”

Big ticket investments started creating buzz from 2017 soon after OPPO established an 110-acre assembly unit in Greater Noida. The latest to join the bandwagon is FORME, a Chinese consumer electronics brand which conducted ground-breaking ceremony of an industrial park in June and announced to invest over Rs 150 crore that is expected to generate thousands of jobs.

Electronic manufacturing service company, Sunwoda is also expected to commence operations in the district in the coming months.

The China-based company specialises in lithium battery solution, metal dome switch, precision tooling and other mobile parts. With overseas investors showing interest in opening shops, the GNIDA is keeping an eye on inter-ministerial group meeting scheduled for Tuesday in Delhi on further simplification of FDI norms to attract foreign investments.

