Jhansi | In the sprawling industrial hub of Bida, Jhansi, modelled after Noida, 23 international firms have committed to establishing operations. These entities have entered into formal agreements with the government, pledging an investment exceeding Rs 1 lakh crore. The initiation of their manufacturing units will commence promptly upon allocation of the necessary space.

Jhansi, historically an industrially lagging region, has recently become a magnet for investment, attracting 338 proposals over the past year. Of these, 322 have culminated in Memorandums of Understanding (MoUs) and contracts with the state.

In the realm of the Defense Corridor, two overseas corporations have inked deals—one for the production of lightweight armaments and the other for the creation of drones, radars, and mobile radar systems. Additionally, there’s a surge of interest from other global companies in diverse sectors such as textiles, food processing, automotive components, paper manufacturing, electronics, renewable energy, and telecommunications.

The expansion of BIDA now encompasses nine villages, with plans to acquire 14,225 hectares across 33 villages in the Sadar tehsil. Land acquisition commenced on February 8 in Sarmau and has since extended to include Ambavay, Dhikauli, Rampura, Kilchwara Khurd, and Gudha. Recently, land transfers in Rajapur were executed, and similar processes for Baidora and Gevra are imminent.

Investors are poised to infuse Rs 2 lakh 21 thousand 160 crore into the region, with 23 foreign companies eager to launch their ventures in Jhansi, accounting for an investment of Rs 1 lakh 5 thousand crore. These international investors maintain ongoing communication with the Department of Industry, and their representatives have surveyed the local geography to assess suitability for their businesses. Local entrepreneur Dinesh Singh has assured that land will be allocated to each company based on their specific requirements for establishing their units.

Source: Amar Ujala