Yeida (Yamuna Expressway Industrial Development Authority) took a major decision on Thursday and said that the scope of the medical device park will be increased. Yida has added 150 acres to this project. Let us tell you that earlier 350 acres of land was fixed for this medical device park, which has now been increased to 500 acres directly. This project of Yida aims to attract more investment and develop the area as a hub of medical manufacturing.
40 new companies have registered for investment in medical device park
Yida said that 40 new companies have registered to invest in the medical device park, which will make machines used in the treatment of serious diseases here. Yida CEO Arun Veer Singh said, “We had planned to construct a medical device park in 350 acres in the beginning, but due to the increasing interest of investors, it is now being increased to 500 acres. So far a total of 74 companies have been allotted 179 acres of land. Out of these 36 companies have completed lease deeds. One company has also completed the construction, while a company is still in the strengthening of the constructions. The medical device is preparing to expand the park up to 500 acres. ”
Noida International Airport will get tremendous benefit
Arun Veer Singh said that more than 40 Indian and international companies have shown interest in investing in medical devices. Flight is expected to start from Noida International Airport after May, which will also develop the industry in the Yida region. India Medtech Expo is going to be held in India Expo Mart in Greater Noida in June 2025, in which more than 200 medical device companies are expected to participate. Here the Yida Medical Device will demonstrate government schemes and local investment opportunities to attract more companies to start the operation at Park.
Latest business news