Rs 1,220-crore tractor factory planned on 100 acres in Jewar
CNN Central News & Networks / ITDC India ePress / ITDC News / Agencies:
Chief Minister Yogi Adityanath on Thursday virtually laid the foundation stone for a tractor manufacturing unit that is expected to give fresh momentum to industrial development in the Jewar area of Gautam Buddha Nagar. The factory, proposed on about 100 acres in Sector 8D of the Yamuna Expressway Industrial Development Authority (YEIDA), will involve an investment of around Rs 1,220 crore. The unit will be set up by CNH Industrial India Private Limited.
Direct jobs for 1,200, indirect employment for 2,000
The project is expected to provide direct employment to around 1,200 people. Through the supply chain, transport, warehousing and other support activities, indirect employment opportunities may be created for about 2,000 people. Once the factory begins operations, local youth are expected to get jobs and business activity in nearby areas is likely to increase.
Plan to develop Jewar as an industrial hub
During the programme, the Chief Minister said the project would promote agricultural mechanisation and modern manufacturing. Work is also under way on electronics, apparel, medical equipment and other industrial projects in the YEIDA area being developed around the Jewar international airport. The establishment of the tractor factory is also expected to encourage ancillary industries and local businesses in the region.
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