Officials said that the gist of the meeting was to get industrial and manufacturing units functional at the earliest. “We are going to issue a checklist to the existing allottees by the end of August and September. They will be asked to execute lease deeds and start construction activity,” said an officer of the Yamuna Expressway Industrial Development Authority (YEIDA).
The additional chief secretary of the industries department, Arvind Kumar, and senior officials of Noida Authority and Greater Noida Authority were present during the video conference.
The key points discussed included a change in the rules to ensure that no plot is sold to another allottee within 10 years without getting the unit functional with minimum operations. The main promoter or the allottee will need to have 50% stakes or shareholding. Also, existing allottees, entities, firms, private companies or individuals will have to secure a functional letter from the authority before they apply for another plot in the region.
The authority will give preference to companies and firms that have a substantial turnover and those promising investments worth more than Rs 500 crore will be given land without interview on a first-come, first-serve basis. The companies operating in the region will also have to reserve 30% of their manpower requirement for the residents.
As per sources, senior officials are of the view that the region needs to be insulated from speculators and real estate brokers looking for short-term profits. “We will share the draft with the senior officials and office-bearers of the industrial associations before notifying the changes,” said the chief executive officer of the authority, Arun Vir Singh.
General secretary of the Yamuna Expressway Entrepreneurs Association, Rishabh Nigam said: “We will go through the draft and share our views. Getting units functional is a priority, but the sectors should be developed too. We will want to discuss the rules for the engagement of the locals. Finding the right skill-set for all kinds of industries is not so easy.”