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Two MSME parks in Noida gain momentum
Date: 18/08/2021

The construction of two Micro, Small and Medium Enterprises (MSME) parks in the New Okhla Industrial Development Authority (Noida) area of Gautam Buddha Nagar district has gained momentum with 812 investors buying land at the proposed sites, to set up units at the cost of INR 2,345 crore. The companies to be set up by these investors will provide employment to more than 42,800 people.The Yamuna Expressway Industrial Development Authority (YEIDA) is developing these parks as a model to boost the MSME sector, which has the potential to help indigenous products go global. The MSME parks in Noida will be followed by establishment of similar parks in Agra, Kanpur, Moradabad, Varanasi, Azamgarh and Gorakhpur, which boast of presence of several MSME. The parks will herald a new era of development in Uttar Pradesh. In terms of employment generation, the MSME sector is second only to agriculture in UP.

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