Greater Noida: sugar firm Chenfeng Tech Pvt Ltd ready to invest Rs 600 cr in integrated industrial township Greater Noida Limited (iitgnl) where it plans to set up a plant to manufacture components LED Street Light.
On Thursday, a groundbreaking ceremony was held and the unit is likely to be commissioned within a year and a half. Officials said this is the fifth foreign company to invest in the township.
He Wenjian, group chairman of Chenfeng, who attended Thursday’s ceremony, said he chose IITGNL after visiting several places in the country and gathering information about those areas. “India is a huge market and most of the LED related products are imported here. LED lighting components will be manufactured in this plant, which is being built in 64,000 sq.
AK Arora, General Manager, Greater Noida Industrial Development Authority (GNIDA), Patanjali Dixit, Secretary, IITGNL, and several officials from Chenfeng attended the event. “This company will invest around Rs 600 crore here and the plant is expected to generate employment opportunities for around 5,000 people. One of its plants is already functioning in Sector Ecotech 1, Extension 1,” said Narendra Bhushan, Chief Executive Officer (CEO), GNIDA, who is also the Managing Director of IITGNL. Bhushan said the Multimodal Transport and Logistics Hub (MMTLH) at Bodaki, the Noida International Airport at Jewar, the Dedicated Freight Corridor Corporation (DFCC) and the Eastern and Western Railway corridors will improve connectivity in the region.
He also called upon companies to invest in townships and said that industrial plots can be allotted in less than a month.
On Thursday, a groundbreaking ceremony was held and the unit is likely to be commissioned within a year and a half. Officials said this is the fifth foreign company to invest in the township.
He Wenjian, group chairman of Chenfeng, who attended Thursday’s ceremony, said he chose IITGNL after visiting several places in the country and gathering information about those areas. “India is a huge market and most of the LED related products are imported here. LED lighting components will be manufactured in this plant, which is being built in 64,000 sq.
AK Arora, General Manager, Greater Noida Industrial Development Authority (GNIDA), Patanjali Dixit, Secretary, IITGNL, and several officials from Chenfeng attended the event. “This company will invest around Rs 600 crore here and the plant is expected to generate employment opportunities for around 5,000 people. One of its plants is already functioning in Sector Ecotech 1, Extension 1,” said Narendra Bhushan, Chief Executive Officer (CEO), GNIDA, who is also the Managing Director of IITGNL. Bhushan said the Multimodal Transport and Logistics Hub (MMTLH) at Bodaki, the Noida International Airport at Jewar, the Dedicated Freight Corridor Corporation (DFCC) and the Eastern and Western Railway corridors will improve connectivity in the region.
He also called upon companies to invest in townships and said that industrial plots can be allotted in less than a month.
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