Latest news with #EMC2.0
Hindustan Times
10 hours ago
- Automotive
- Hindustan Times
Yeida issues Letter of Intent to Dixon Tech for phone manufacturing unit
The Yamuna Expressway Industrial Development Authority (Yeida) on Friday said it has issued a letter of intent (LoI) to Dixon Technologies to set up a manufacturing unit on 22.54 acres of land in the proposed Electronics Manufacturing Cluster (EMC) in Sector 10 near the Noida International Airport. Workers assemble electronic parts at a Dixon Technologies facility in Noida in May 2025. (REUTERS) 'Dixon will use the site to manufacture mobile phones, consumer electronics, telecom equipment, lighting products, and white goods. The company is the fourth major player to receive an LoI in this EMC, which is part of the central government's EMC 2.0 scheme. Before Dixon, two other companies have recently received LOIs to set up units in the cluster. Ascent-K Circuit, a subsidiary of Amber Enterprises India Ltd, will set up a facility on 16 acres to make high-end printed circuit boards (PCBs). Aurionpro ToshiAutomatic Systems has been given five acres for making smart transit systems and industrial automation products,' said Arun Vir Singh, chief executive officer of Yeida. Yeida said that the Sector 10 EMC already got in-principle approval from the Ministry of Electronics and Information Technology (MeitY) in April 2025 during its seventh project review committee meeting, with Havells India Ltd as the anchor unit across 50 acres. According to the LoI issued on June 20, Singh told Dixon that their proposal has been approved with the rider that the final allotment will depend on clearance from the Invest UP Empowered Committee and compliance with state policies and rules. 'Land acquisition is underway and more provisional LoIs are being issued. With Dixon's entry, we hope the Sector 10 EMC will become a major electronics manufacturing hub in north India, creating many job opportunities and attracting more investment,' said Singh. The Uttar Pradesh government and Yeida are also pushing forward with other major industrial developments in sectors near the airport. 'Amber Enterprises is set to receive 100 acres in Sector 8 for a separate electronics and home appliances unit. Together, Amber and Ascent-K Circuit are expected to invest about ₹ 4,000 crore in the region. These projects will fuel growth in this region, and create huge business opportunities,' said Singh.
Time of India
15 hours ago
- Business
- Time of India
Dixon third company to come up in electronics hub
Noida: Dixon Technologies has secured 22.5 acres in YEIDA's electronics manufacturing cluster (EMC) in Sector 10 near the upcoming Noida International Airport, becoming the third company to join the hub. Officials said on Friday that Dixon has received a letter of intent (LoI) for setting up its manufacturing unit for mobile phones, consumer electronics, telecom equipment, lighting products, and white goods. YEIDA CEO Arun Vir Singh informed Dixon Technologies that their proposal was approved in-principle. However, the final allotment was subject to clearance from the Invest UP Empowered Committee and adherence to state policy guidelines and regulatory norms. Recently, approvals were issued to two other firms — Ascent-K Circuit and Aurionpro ToshiAutomatic Systems — for units under the central govt's EMC 2.0 scheme. The land allotment in the 206 acre cluster gained strong traction from top industrial players, officials said. YEIDA officials said the land acquisition process was ongoing, and provisional LoIs were issued in line with policy clearances. "With Dixon joining the cluster, officials expect the EMC in Sector 10 to emerge as a key electronics manufacturing hub in north India, catalysing further investment and job creation in the region," the CEO added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Utendorf: GEERS sucht 700 Testhörer für Hörgeräte ohne Zuzahlung GEERS Undo The EMC 2.0 in Sector 10 received in-principle approval from the Ministry of Electronics and Information Technology (MeitY) during the 7th Project Review Committee meeting held on April 11. Havells India Ltd has been designated as the anchor unit and is allotted 50 acres within the cluster. Dixon Technologies operates 12 plants in Noida and one in Greater Noida, managed by its subsidiaries and joint ventures. The company operates dedicated manufacturing units for phones for Xiaomi, Motorola and Nokia, besides earphones and headphones under Boat Lifestyle. In 2023, Dixon Technologies signed an MoU with the UP govt during the UP Global Investors Summit, with Sunil Vachani, chairman of Dixon Technologies, announcing plans for additional units for manufacturing and designing electronic products in Noida. Dixon's Greater Noida plant, sprawling over 20 acres in Ecotech 8, manufactures refrigerators. Collaborating with a Japanese company Rexxame, Dixon operates another Noida plant focusing on manufacturing PCBs for air conditioners.
Time of India
30-05-2025
- Business
- Time of India
3 tech majors to set up units on 120 acres, invest 4k cr off eway
Noida: Yamuna Expressway Industrial Development Authority (YEIDA) has issued letters of intent to three companies for setting up manufacturing units near the upcoming Noida International Airport, marking a combined investment of around Rs 4,000 crore. Tired of too many ads? go ad free now Two of these companies will be allotted land in the upcoming Electronics Manufacturing Cluster (EMC) 2.0 in Sector 10, which spans 206 acres. Ascent-K Circuit will receive 16 acres to manufacture high-end printed circuit boards (PCBs), including HDI, flex, multilayer types, and semiconductor substrates, while Aurionpro ToshiAutomatic Systems, which specialises in industrial automation and smart transit and mobility solutions, will be allotted five acres as a member of a Special Purpose Vehicle (SPV) under the central govt's EMC 2.0 scheme. Both units will be a part of the cluster approved by the ministry of electronics and information technology (MeitY), with Havells India Ltd, the anchor investor, already securing an allotment of 50 acres. The EMC 2.0 project received in-principle approval from MeitY in April this year. Amber Enterprises India Ltd, of which Ascent is a part, will be allotted another 100 acres in Sector 8 to manufacture copper-clad laminates, PCB assemblies, consumer electronics, and home appliances. Amber and Ascent together are expected to invest around Rs 4,000 crore across the two projects. Ascent is also expected to form a joint venture with some Korean firms for the PCB manufacturing venture. YEIDA CEO Arun Vir Singh confirmed that the land allotments are subject to approval by the Invest UP empowered committee and state policy guidelines. "Land acquisition is underway in Sector 8 and the LoI for the 100-acre plot, along with others, is provisional, pending regulatory clearances," he added. Tired of too many ads? go ad free now These companies are the latest in a growing list of firms investing in the YEIDA region near the Noida International Airport. At least eight companies have announced plans to invest nearly Rs 12,000 crore in the region, driven by the dedicated industrial parks and state's FDI and Fortune 500 investment policies. Among those that have already secured land allotments is Fuji Silvertech Concrete Pvt Ltd, an Indo-Japanese joint venture, which is setting up a precast concrete product manufacturing unit on 20 acres in Sector 32. It was the first company to be allotted land under Uttar Pradesh's new FDI policy announced in November 2023. TI Medical Private Limited, a joint venture between the Fortune India 500-listed Tube Investments of India (TII) of the Murugappa Group and Premji Invest, has secured an 11-acre plot in the Medical Device Park in Sector 28. Minda Corporation Limited, in partnership with Korea's Daesung and India's Loconav, has been allotted 22 acres in Sector 24 to produce ignition switches and steering locks for automobiles. Additionally, Minda has proposed a separate project in Sector 10 to manufacture wire harnesses and other automotive components on 10 acres, which has been approved by the state's empowered committee. Vama Sundari Investments Pvt Ltd, part of the HCL Group, is collaborating with Taiwanese electronics major Foxconn to establish a semiconductor manufacturing facility on 48 acres in Sector 28. Escorts, in a joint venture with Japan's Kubota Corporation, plans to build a large tractor manufacturing plant on 200 acres in Sector 10. Another major investment comes from Pine Valley Ventures Pvt Ltd, which aims to set up a readymade garments and accessories unit on a 20-acre plot in Sector 10. Poly Medicure Ltd has also applied for 7 acres in Sector 28's Medical Device Park to set up a medical equipment manufacturing unit.
Time of India
19-05-2025
- Business
- Time of India
YEIDA will power up ₹450 crore tech hub near Noida airport
NOIDA : Yamuna Expressway Industrial Development Authority ( YEIDA ) has started the process to hire a consultant for designing and managing the infrastructure development of Sector 10, where a tech hub is planned at an estimated cost of over Rs 450 crore. The cluster, located near Noida International Airport , will be developed across 206 acres. A senior YEIDA official said, "This project will not only create a robust electronics hub but also generate employment at scale." The entire cluster is scheduled to be completed by Jan 31, 2028. Officials expect it to create over 11,000 direct jobs and approximately 20,000 indirect (total 31,000) jobs once fully operational. A YEIDA official said the cluster's location near the upcoming airport, the Delhi-Mumbai Industrial Corridor and the dedicated freight corridors makes it ideal for attracting both Indian and international companies. The main highlight of the project is the 50-acre land — out of 206 acres — allotted to Havells, the anchor unit. The company plans to invest Rs 800 crore to set up a manufacturing unit for products like fans, air conditioners, switchgear, cables and lighting equipment. The unit is expected to be ready by 2026 and will provide jobs to over 1,000 people in the first phase. The Centre has approved Rs 144 crore for the project under the electronics manufacturing cluster (EMC 2.0) scheme, while YEIDA will contribute over Rs 340 crore. The Centre had approved the EMC 2.0 last month, with Havells as the anchor unit. YEIDA CEO Arun Vir Singh said the Centre's approval is a big boost for the state's goal of becoming an electronics hub. Vir Singh said, "Now that the Centre has approved the project, we will allot land to Havells and begin work on developing the rest of the cluster. We believe this will attract several electronics component makers and supporting units." Besides Havells' 50-acre plot, the cluster will feature 66 other plots spread over 106 acres. Sixty-six other plots, spread over 106 acres, include 32 plots of 1,000 sqm, 18 plots of 2,100 sqm, six plots of 8,094 sqm and two each of 1,760 sqm, 3,300 sqm, and 15,176 sqm. Additionally, one plot each of 14,164 sqm, 20,234 sqm, and 32,375 sqm will be offered. The cluster has been meticulously planned. Of the total 206 acres, 39 acres have been earmarked for essential infrastructure, including roads, green belts and utilities. The remaining land will be used for industrial development.
Hindustan Times
19-05-2025
- Business
- Hindustan Times
Yeida to rope in consultant for Electronics Manufacturing Cluster
GREATER NOIDA: Following the Centre's approval of an Electronics Manufacturing Cluster (EMC 2.0) project anchored by Havells, the Yamuna Expressway Industrial Development Authority (Yeida) has started the process of hiring a consultant to design and oversee infrastructure development in Sector 10, officials said on Sunday, adding that the project, estimated to cost ₹484 crore, will be spread over 206 acres near the Noida International Airport. Under the EMC 2.0 scheme of the Ministry of Electronics and Information Technology (MeitY), the Centre has sanctioned ₹144 crore for the cluster while Yeida will contribute the rest of ₹340 crore. The project is expected to complete by January 31, 2028. Yeida chief executive officer Arun Vir Singh said, 'The Centre's approval is a major step toward making Uttar Pradesh an electronics manufacturing hub. This cluster will boost local employment and attract component makers and allied industries.' Havells, an Indian multi-national electrical equipment manufacturing firm, the anchor investor, has been allotted 50 acres of land and it plans to invest ₹800 crore to set up a manufacturing unit for fans, air conditioners, switchgear, cables, and lighting equipment. The unit is expected to be operational by 2026 and provide over 1,000 direct jobs in the first phase. To be sure, the cluster will include 66 other industrial plots, in addition to Havells' land. These plots, spread over 106 acres, range from 1,000 to 32,375 square metres (sqms) in size. Two large plots, including one measuring 44,515 sqm, have been set aside for the flatted factory complex, which will house 176 plug-and-play industrial units. These ready-to-move-in units are aimed at attracting startups and smaller enterprises looking for cost-effective manufacturing spaces. Yeida officials said the project has been meticulously planned. About 39 acres are reserved for infrastructure, including internal roads, green belts, electrical lines, water supply, drainage, a boundary wall, and civic amenities like a hostel block, commercial centre, convention centre, and a skill development hub. To move forward, Yeida has issued a request for proposal (RFP) to appoint a Design Development and Project Management Consultant (DDPMC). The selected consultant will prepare the detailed project report (DPR), float tenders, and supervise construction. The deadline for submission is June 10, with the appointment expected in July.
