Will the UP Government Boost MSMEs with a Flatted Factory System in Greater Noida?
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Synopsis
The Uttar Pradesh government is making strides to transform Greater Noida into an industrial hub with a new flatted factory project aimed at supporting MSMEs. This initiative not only promises to create jobs but also to boost the region's economy significantly.
Key Takeaways
- The UP government is investing Rs 125 crore in a flatted factory project.
- The facility will cover over 38,665 square metres.
- This initiative aims to create jobs and enhance economic growth.
- Flatted factories are designed for MSMEs, providing essential infrastructure.
- The project aligns with the state’s goal of a Rs 1 lakh crore economy.
Noida, June 8 (NationPress) The Uttar Pradesh government is set to launch a flatted factory initiative in Greater Noida, investing Rs 125 crore to assist MSMEs in establishing operations aimed at enhancing economic growth and generating employment within the state, as per an official announcement.
Preparations for the project, which include the master plan and necessary documentation, are currently in progress, with construction expected to wrap up within two years. This flatted factory will cover an area exceeding 38,665 square metres, according to the statement.
A flatted factory is essentially a multi-story industrial edifice crafted to accommodate numerous manufacturing units under one roof. Each unit operates independently, serving functions such as production, assembly, and storage.
This facility type is particularly advantageous for MSMEs, offering fully equipped industrial spaces that simplify business establishment in regions where land and infrastructure are scarce. Flatted factories come with vital amenities such as power supply, water access, elevators, HVAC systems, and fire safety arrangements, facilitating effective operations within a compact area.
The initiative aligns with the state’s vision of evolving into an industrial hub by encouraging micro, small, and medium enterprises (MSMEs) along with heavy industries, contributing to the goal of a Rs 1 lakh crore economy, as stated.
The Yamuna Expressway Industrial Development Authority (YEIDA) has devised the flatted factory plan, which will be sited in Sector 28 of Greater Noida in UP’s Gautam Buddha Nagar district.
This facility is anticipated to enhance investment influx, regional economic activity, and job creation, especially for the youth, the statement highlighted.
In addition to the primary building, the complex will be developed to address the future industrial needs of the area. It will encompass all modern amenities, including internal water supply, electricity, fire safety systems, elevators, and HVAC (heating, ventilation, and air conditioning), as indicated in the statement.
Point of View
The Uttar Pradesh government's initiative to establish a flatted factory system in Greater Noida signifies a strategic move towards industrial enhancement and job creation. This initiative reflects a growing acknowledgment of the importance of MSMEs in driving economic development. NationPress supports such progressive measures that aim to bolster local economies and facilitate sustainable growth.
NationPress
08/06/2025
Frequently Asked Questions
What is a flatted factory?
A flatted factory is a multi-storey industrial building that accommodates several manufacturing units within a single structure, allowing for independent operations.
How much is the investment for the flatted factory project?
The Uttar Pradesh government is investing Rs 125 crore in the flatted factory project in Greater Noida.
Where will the flatted factory be located?
The flatted factory will be located in Sector 28 of Greater Noida in UP’s Gautam Buddha Nagar district.
What is the expected completion time for the project?
Construction of the flatted factory is scheduled to be completed within two years.
How will this project benefit MSMEs?
This project will provide ready-to-use industrial spaces equipped with essential infrastructure, making it easier for MSMEs to establish operations.
