India, Oct. 11 -- The Yamuna Expressway Industrial Development Authority (Yeida) on Friday announced that state-owned Parag Dairy will set up a new plant on 10 acres in Sector 32 of Yamuna City, near the Noida International Airport, after the Uttar Pradesh government approved the project.

The decision paves the way for defence startup Raphe mPhibr Pvt Ltd to expand its existing four-acre manufacturing unit in Noida's Sector 81 into a 15-acre facility.

Raphe mPhibr, a Noida-based firm specialising in unmanned aerial vehicles (UAVs) and advanced defence technologies, will purchase 11.5 acres from Parag Dairy following a Rs.101-crore land transfer approved by the state cabinet. "The UP government has cleared the deal as Raphe mPhibr's expa...