Five Chinese companies will invest Rs 800 crore in Greater Noida. These companies are Holitech India Pvt. Ltd. is its subsidiaries. The delegation of the companies met Greater Noida Authority CEO Narendra Bhushan on Thursday and handed over the letter to them. Companies have asked for 100 acres of land for setting up the unit. Holitech India has four units in Greater Noida. It has a capital investment of about four hundred crores.
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The company manufactures mobile screens, cameras, Afgar appr, FPC in units located in Greater Noida. The company has promised further capital investment of Rs 1,300 crore to the authorized authorities. Apart from this, 100 acres of land has been sought for associate companies. There will be an investment of eight hundred crores in them. Bhushan assured the delegation that the authority would give them all cooperation in accordance with the policy of the government. He informed the delegation about the policy of the state government and the exemption available. He said that land is being purchased from farmers to provide a sufficient amount of land to industries.
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Narendra Bhushan said that companies from China as well as Taiwan, Korea, etc. have increased interest in investing in Greater Noida. In the next three years, one-third of the world's smartphones will be made in Greater Noida. It is noteworthy that a state delegation under the leadership of Bhushan visited China recently and invited electronics companies to invest in the state.
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