Greater Noida: Chinese company Chenfeng Tech Private Limited is set to invest RS 600 Crore in the integrated industrial industry Greater Noida Limited (IITGNL) where it plans to establish a factory to produce components for street lights.
On Thursday, innovative ceremonies do and units tend to be operational in one and a half years.
It is a fifth foreign company to invest in the city, officials said.
She’s Wenjian, Chairman of the Group, Chenfeng, who attended Thursday’s ceremony, said they chose IITGNL after visiting several places in the country and gathering information about the area.
“India is a large market and most products related to LEDs are imported here.
LED lights will be produced in this factory, which is being built more than 64,000 square meters,” the official said.
AK Arora, General Manager, authority for the development of the Noida Greater Industry (Gnida), Patanjali Dixit, Secretary, IitGNL, and several officials from Chenfeng attended the event.
“This company will invest around RS 600 Crore here and the factory is expected to produce employment opportunities for around 5,000 people.
One of its plants has been operating in the Ecotech 1 sector, extension 1,” said Narendra Bhoooshan, Chief Executive Officer (CEO), Gnida, Gnida, who is also the implementing director of IITGNL.
Bhooshan said the multimodal transport and logistics hub (MMTLH) in Bodaki, noida international airport in gambling, special transportation corridors (DFCC) and east and west train corridors will increase connectivity in the region.
He also asked the company to invest in the city and said the industrial plot could be allocated in less than a month.