YEIDA Allots 23-Acre Industrial Plot to Minda Corporation in Sector 10

Greater Noida: The Yamuna Expressway Industrial Development Authority (YEIDA) on Monday allotted a 23-acre industrial plot in Sector 10 to M/s Minda Corporation Limited, marking a major industrial breakthrough under the authority’s investment expansion plan. The allotment letter was formally handed over by Chief Executive Officer Rakesh Kumar Singh to Akash Minda, Executive Director, Minda Corporation. On the occasion, Amit Jalan, Head – Corporate Affairs (Minda Group), YEIDA Additional CEO Nagendra Pratap Singh, and OSD Shailendra Bhatia were also present. YEIDA officials highlighted that the allotment was made under the Uttar Pradesh Government’s Investment Promotion Policy, under which Minda Corporation qualifies for special subsidy due to its Fortune 500-Hundred company status. As per the proposal, Minda Corporation will manufacture approx. 48,00,000 units of wiring harness and other related connection systems annually. The company will make an investment of Rs.522.279 crore in the project, which is expected to create significant direct and indirect employment opportunities in the region. It was also stated that Minda Corporation (Spark Minda Group) has a global operational footprint with 27 production units across India and abroad, including Vietnam, Italy, Japan, and Indonesia, serving sectors such as mechatronics, information and connected systems, plastics & interiors, aftermarket products, and electric vehicle & electronics solutions. The company also operates R&D centres at Pune and Bengaluru. In the industrial expansion line, YEIDA also confirmed investment from Polynomous Industries, a leading manufacturer of advanced polymer compounds used as raw materials in a wide range of consumer and industrial products including refrigerators, washing machines, two-wheeler and four-wheeler components, LED lighting, MCB/MCCB electrical systems, electric irons, computers and laptops. Polynomous Industries supplies to top electronics, home appliance and automobile component manufacturers across India. The company will invest Rs.75 crore, leading to the generation of 500–600 employment opportunities. YEIDA stated that both projects will significantly contribute to the region’s industrial ecosystem, skill development, employment generation, and investment inflow, strengthening the vision of rapid economic expansion along the Yamuna Expressway corridor.