Yamuna Expressway Industrial Development Authority (YEIDA) has allocated a new land allotment in Noida’s Sector 28 for Vama Sundari Investments, a joint venture between HCL Group and Taiwanese manufacturer Foxconn Hon Hai Technology India. This revised allocation follows challenges encountered at the previously designated Sector 10 site, where delays in land acquisition and inadequate infrastructure delayed progress. The new location offers immediate access to essential facilities and supports India’s expanding semiconductor manufacturing ambitions while driving robust economic growth.
On Thursday, YEIDA issued a fresh letter of intent for the alternative 48-acre land allotment in Sector 28. The new site benefits from well-established infrastructure due to its nearness to a Medical Device Park and other industrial establishments. This strategic location is considered ideal for the planned outsourced semiconductor assembly and test (OSAT) facility, which is expected to create nearly 4000 jobs. The advantages offered by the Sector 28 allotment effectively resolve the delays experienced at the previous site.
Previously, Vama Sundari Investments expressed concerns over delays in land acquisition and insufficient infrastructure at the Sector 10 site. In response, the company requested a revised letter of intent, prompting a thorough review by CFO and company secretary, Pawan Kumar Danwar. Following a visit to the new location, both representatives confirmed that the Sector 28 allotment meets all requirements for the OSAT facility, reinforcing confidence in the project’s possibility and long-term benefits for the region.
In November 2024, the Uttar Pradesh government approved incentives exceeding Rs 8500 crore for semiconductor projects in the YEIDA region including Vama Sundari Investments and Hiranandani’s Tarq Semiconductors. With Centre approval still pending, Vama Sundari is preparing to submit the revised letter of intent. This development marks a significant milestone that supports state efforts to boost semiconductor manufacturing and enhance regional industrial growth through improved infrastructure and strategic land allocation.
