SPONSORED CONTENT

Galgotias Infra to Invest 500 Crores in Uttar Pradesh - Signs MOU with YEIDA

January 10, 2023 23:30 IST | ANI Press Release
Tennis player James Blake
Suneel Galgotia and Dhruv Galgotia sign MOU with Arun Veer Singh CEO YEIDA, Govt of Uttar Pradesh

Greater Noida (Uttar Pradesh) [India], January 10 (ANI/NewsVoir): Suneel Galgotia and Dhruv Galgotia, Directors of Galgotias Infra sign a Memorandum of Understanding with Arun Veer Singh, Chief Executive officer, Yamuna expressway Industrial Development Authority.

Galgotias Infra through this MOU has signed a proposed investment worth 510 crores within the next 3 years in warehousing, hotel, housing and hospital projects in Aerocity near Noida International Airport, Yamuna expressway.

"The investments proposed by Galgotias Group will ensure employment to more than 2200 people directly and around 6000 people indirectly from the start of construction to completion," says Dhruv Galgotia.

The investments by the Galgotias Group will be primarily done in a phased manner in the Aerocity near the Noida international Jewar airport.

The area around the Noida international airport is turning out to be infrastructurally better than Gurgaon offering comfort, convenience and a sustainable experience to homebuyers, students and passengers and visitors.

The hotel investment by Galgotias Infra will be a whole new concept featuring intelligent technologies like smartphone access and services especially designed to cater to the evolving demands and expectations of global leisure, student and business travelers. Students and parents will also benefit from the education hub already developed in the area.

"We are taking forward the vision of our Chief Minister Yogi Adityanath of making the state of Uttar Pradesh into a true knowledge superpower," says Chancellor Suneel Galgotia.

Galgotias group is also planning phase-wise investments in warehousing, hospital, IT park and student housing and has already invested heavily in bringing world-class quality education to Uttar Pradesh.

Best Regards,

Mona Dhingra

Executive - Media and Operations

+91 9729860887

(mona.dhingra@newsvoir.com

This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .