YEIDA Project: Medical Device Park in 500 acres

YEIDA Project: Medical Device Park to be developed on 500 acres, not 350.

YEIDA reported that 40 new companies have registered to invest in the Medical Device Park, which will manufacture machines used in the treatment of serious diseases.
Noida International Airport will provide significant benefits.

YEIDA (Yamuna Expressway Industrial Development Authority) made a major decision on Thursday, announcing the expansion of the Medical Device Park. YEIDA has added 150 acres to the project. Initially, 350 acres were allocated for this Medical Device Park, but this has now been increased to 500 acres. The aim of this YEIDA project is to attract more investment and develop the region as a hub for medical manufacturing.

40 new companies have registered to invest in the Medical Device Park.YEIDA stated that 40 new companies have registered to invest in the Medical Device Park, which will manufacture machines used in the treatment of serious diseases. YEIDA CEO Arun Vir Singh said, "We initially planned to build the Medical Device Park on 350 acres, but due to growing investor interest, it is now being expanded to 500 acres. So far, 179 acres of land has been allotted to 74 companies. Of these, 36 companies have completed lease deeds. One company has completed construction, while work is ongoing for 11 companies. Due to strong investor interest, we are preparing to expand the Medical Device Park to 500 acres."
Noida International Airport will provide tremendous benefits.
Arun Vir Singh stated that more than 40 Indian and international companies have expressed interest in investing in the Medical Device Park. Flights are expected to resume from Noida International Airport after May, which will also spur significant growth for the industry in the YIDA region. The India MedTech Expo is scheduled to be held in June 2025 at the India Expo Mart in Greater Noida, with more than 200 medical device companies expected to participate. Here, YEDA will showcase government schemes and local investment opportunities to attract more companies to set up operations in the Medical Device Park.