Chinese handset maker Vivo is looking to start a manufacturing plant in Greater Noida by October with an initial investment of Rs 12.5 crore. It aims to sell two million handsets by the end of this year, with 4G LTE devices accounting for 40 per cent of the sales. “We have taken 30,000 square metres of land on lease in Greater Noida and expect to start assembling our smartphones by October 2015. In the first phase (till December 2015), we will invest Rs 12.5 crore in the facility,” said Alex Feng, CEO of Vivo India and chief marketing officer of Vivo Global.
A new airport at Jewar has been approved by civil aviation ministry. It would be built along the Yamuna Expressway that connects Greater Noida with Agra.
Experts believe the airport has huge potential to boost property demand in the area. Till now, both domestic and international companies have usually preferred Gurgaon over Noida because it’s nearer to the Delhi airport.
In order to provide connectivity to the rapidly urbanizing area, the Yamuna Expressway Industrial Development Authority (YEIDA) is working on a feasibility plan to put the Metro on track up to Jewar.
The proposed 48- to 50-km Metro track is estimated to come at a cost of Rs 2,000 crore and will be aligned at the road level along the Yamuna Expressway.
One of the vehicles from Nissan’s luxury segment that could make it to India is the Nissan Patrol, its top-end SUV. The Japanese company had recently showcased the SUV at an event in Greater Noida making the rumours even stronger
GREATER NOIDA: After a Taiwanese consortium, a Dutch telecom company is planning to invest in Greater Noida. Scarlet, an internet service and telephony provider, is scouting for 200 acres of land to set up an electronic product manufacturing unit in the city, sources said on Monday.
According to sources, a meeting is scheduled between the representatives of the company, which has operations in Belgium as well, and Uttar Pradesh chief secretary Alok Ranjan in Lucknow on Tuesday. The company officials had earlier met the chairperson of Greater Noida and Yamuna Expressway Industrial Development Authority Rama Raman.
Several additional features of the 28.8-km Noida-Greater Noida Metro link were approved here on Friday. Convened by Noida and Greater Noida Authorities’ chairperson Rama Raman, the Noida Metro Rail Company (NMRC) held a review meeting on the sanctioned route of the Metro link, work on which is to begin by June 15 this year.
According to officials, it was decided that six foot overbridges (FOBs) will be constructed along the sanctioned route at Metro stations located at sectors 78, 81, 82, Dadri road, 137 and 142.
The Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) will invest $200 million in electronic manufacturing sector in Greater Noida, an Uttar Pradesh government official said on Wednesday.