According to reports, Apple’s suppliers have applied for land with the state’s Yamuna Expressway Industrial Development Authority and want to invest Rs 2,800 crore in Uttar Pradesh (YEIDA).
A brief about Suppliers to Apple would invest Rs 2800 billion in Uttar Pradesh and seek land in Greater Noida near the new Jewar Airport:
According to YEIDA CEO Arun Vir Singh, these businesses have already paid 10% of the projected land allocation for Sector 29 under the Yamuna Authority near the future Jewar airport in Greater Noida.
Apple is considering expanding its manufacturing in Vietnam and India as a result of supply chain problems brought on by Covid-19 in China.
A supplier to Apple, Seiko Advance Limited, an ink manufacturer, has expressed interest in utilizing 5 acres of property in YEIDA’s Sector 29 for its operations. The company aims to invest Rs 850 crore in the project, which will create thousands of jobs.
The study claims that sector 29, where the business has filed for the site, is well-developed and has a number of facilities that are readily available to businesses.
The establishment of a facility on roughly 23 acres of land with a potential expenditure of Rs 2,800 crore has apparently been suggested by an Apple supplier and a manufacturer of camera parts.
The investment was suggested by Apple suppliers at a recent conference in South Korea, according to Singh, speaking to IANS.