weather_iconDublin | 15.29 °C | AQI 30
Tuesday, 5 November, 2024

---Advertisement---

Delhi/NCR

YEIDA: US Company Seeks 1,200 Acres For ‘American City’ Educational Project Near Noida Airport

YEIDA authorities said that the American company plans to invest $4 billion in the significant educational project over the next six years. This initiative aims to establish an international-standard educational institute featuring performing arts and cultural activities.

YEIDA
YEIDA

The Yamuna Expressway Industrial Development Authority (YEIDA) on Wednesday announced that an American company plans to invest $4 billion in an educational project over the next six years. According to the Noida authorities, the US-based company has sought 1,200 acres of land for the development of the ‘American City’ project.

This initiative aims to establish an international-standard educational institute featuring performing arts and cultural activities. This project will be located near Noida Greenfield International Airport at Jewar along the Yamuna Expressway, connecting Greater Noida to Agra.

---Advertisement---

Also Read: IMD Weather Update: India Records Warmest October In 123 Years – What’s In Store For November?

In-Principle Approval Granted

YEIDA Chief Executive Officer Arun Vir Singh said that the proposal has been received in-principle approval. Additionally, the concerned officials have been instructed to provide the requested 1,200 acres in sectors 22D, 22E, 5, and 5A along the Yamuna Expressway respectively.

---Advertisement---

Singh said the US-based company officials met him on Tuesday and expressed their intention to set up an international educational institute near the upcoming Noida Airport. Some of the top US universities will collaborate on this venture, he added.

He further stated that the US firm ‘Blue Sky Vantage’ represented the universities and submitted the proposal.

Major Investment Planned

YEIDA authorities said that the American company plans to invest $4 billion in the significant educational project over the next six years. Singh added, “After exploring various cities, they chose our area and intend to develop an ‘American City’ encompassing 1,200 acres of land.

Their vision includes at least 1,000 acres with mixed land use, featuring components for economic ventures, commercial towers, and institutions of international repute, he added.

In addition to the above, the consortium has also sought an additional 100 acres each in Sector 22D for group housing and in Sector 22E to establish a university.

Also Read: Middle East Crisis: Iran Issues WARNING To US, Israel; Vows ‘Crushing Response’

HISTORY

Written By

Sheetal Prasad


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Security Heightened In Srinagar After Grenade Attack At Market

Nov 04, 2024
Latest LIVE News Trending Today, Real Time Updates
  • 17:40 (IST) 4 Nov 2024

    Sealdah Court Frames Charges Against Sanjay Roy in RG Kar Rape and Murder Case

  • 14:24 (IST) 4 Nov 2024

    Bypolls in Kerala, Punjab, and UP Rescheduled to November 20 Due to Festivities

  • 14:10 (IST) 4 Nov 2024

    Almora Bus Accident: PM Announces Ex-Gratia Of Rs 2 Lakh

N24 Shorts Logo

SHORTS

Muhurat Trading
Business

Muhurat Trading: How Sensex And Nifty Performed In Last 5 Diwali Special Sessions?

India’s stock exchanges, BSE and NSE, host an annual Muhurat Trading session on the day of Diwali. The term ‘muhurat’ denotes an auspicious moment, and this unique session, spanning about an hour in the evening, marks the commencement of the traditional Hindu accounting year, Samvat.

View All Shorts

---Advertisement---

Trending