TL;DR
YEIDA has allotted a 20,000 sqm plot to Neenjas Electric for a ₹169 crore investment in an EV charging solution manufacturing facility in Noida, boosting 'Make in India' and green technology.
The Yamuna Expressway Industrial Development Authority (YEIDA) has issued a letter of intent to Neenjas Electric, allocating a 20,000 square meter plot in Sector 8D. This significant move is aimed at establishing a mega facility for manufacturing advanced electric vehicle charging solutions, including onboard and non-onboard chargers, IP-rated EV chargers, and AC-DC power converters.
Neenjas Electric plans to invest approximately Rs 169 crore in this project, which is expected to bolster the 'Make in India' initiative and enhance the country's EV infrastructure. The facility will also focus on developing solar power banks and onboard chargers specifically designed for Indian conditions, with projections to create local employment opportunities and position Greater Noida as a hub for green technology manufacturing.
