With an aim to expedite the process of land acquisition for the development of a dedicated sector for industrial growth, the Yamuna Expressway Industrial Development Authority (YEIDA) has released a fund of over Rs 650 crore to the district administration for the acquisition of land along Yamuna Expressway near the upcoming Noida International Airport, officials aware of the matter said.

A senior YEIDA official said that the Authority has to acquire around 244 hectares of land for the development of a dedicated industrial sector named as Sector 10 near Jewar Airport. The acquisition is likely to be completed in next few months, and after that the Authority will be handed over the land for allotment process.

The official added that earlier in February, the Authority had also released Rs 72 crore for the same purpose. “The process of land acquisition is expected to be completed in next few months as the social impact assessment has already been completed. We anticipate that the entire process including the allotment of land for setting up of industrial parks will be over towards the end of 2024,” he said.