Noida, June 8 -- The Yamuna Expressway Industrial Development Authority (YEIDA) on Monday approved a series of industrial and infrastructure-related proposals at its 90th board meeting, while reporting a 43 per cent increase in its cash reserves and reviewing progress of key projects linked to the upcoming Noida International Airport.
YEIDA reported a significant rise in capital receipts, which reached around Rs 745 crore as of May 31, 2026, compared with Rs 522 crore during the corresponding period last year, marking an increase of nearly 43 per cent.
To ensure long-term upkeep of civic infrastructure, the board approved the creation of a dedicated corpus fund for the maintenance of roads, sewer networks, power supply systems, drinking water facilities and parks. A separate account will be opened with the State Bank of India, and revenues generated through lease rent, transfer charges, FAR fees and other sources will be deposited into the fund.
Final approval also granted to lease deed formats for major industrial projects, including India Chip Pvt Ltd, the HCL-Foxconn joint venture, and Escorts Kubota Limited.
Under the Uttar Pradesh government's one-trillion-dollar economy vision, YEIDA had been assigned an investment target of Rs 30,000 crore under GBC 5.0. Officials said investment proposals worth Rs 30 crore have been received, supporting the establishment of 136 industrial units.
The authority also reviewed progress on farmer related initiatives. "Since 2014-15 YEIDA has distributed Rs 3,050 crore as additional compensation to farmers, including those affected by the Jaypee Infratech area. Under the 7 per cent abadi plot scheme, the process has begun for 11,211 farmers, with reservation letters issued to 7,035 beneficiaries and 4,176 plots planned across various sectors," said officials.
The board also approved establishment of a Traffic Park-cum-Training Centre in collaboration with Honda India Foundation and decided to undertake internal development works in several residential sectors through the Engineering Procurement and Construction (EPC) mode.
Published by HT Digital Content Services with permission from Millennium Post.