Greater Noida, India (Metro Rail News): After the Jewar airport announcement, there is a boost in Yamuna Authority area for the investment. PPS International has asked to Yamuna Expressway Industrial Development Authority (YEIDA) for 20 acres land.
In this Regards, The company made a proposal and sent to YEIDA. The final decision on the proposal yet to come from authorities but it is believed that this proposal is going to get the green signal. Although, Yamuna Authority has agreed on the allocation of land for the factory in Sector-32.
Once the company successfully begin to manufacture the metro coach factory in the Authority area. It will create job opportunities for the youth, along with investment from the big companies.
The Company will manufacture stainless steel coaches based on German Technology. Most of the industrial plots in the authority area have been allocated for electronics or light industries. The establishment of the heavy industry will open new doors of possibilities.
“A decision to be taken on the allotment of land on completion of the application process,” Said officials
Formed in 2013, the company manufactures overhead electricity cables, cantilever, electric plugs etc. for Indian Railway and Metro Rail. The company to invest about 1200 crores.