YEIDA Plans Flatted Factory Scheme to Boost Start-Ups and Small Budget Investors

YEIDA is launching a flatted factory initiative in various sectors to enable entrepreneurs to establish factories without purchasing industrial plots. The scheme will help start-ups looking to establish a base near the Jewar airport.

As per Hindustan Times, YEIDA CEO Arun Vir Singh announced plans for the new flatted scheme. The factories are expected to be ready within a year, and aspiring businessmen can take space on rent in these flatted factories without investing large sums of money.

Flatted factory hubs are multi-storeyed industrial buildings that are subdivided into small, separately occupied units used for manufacturing, assembly, and storage. Under the scheme, the Authority will build four flatted factory complexes at Medical Device Park and Apparel Park in sectors 28 and 29.

According to a Times of India report, two flatted factories of 20,000 sq m and 18,000 sq m size, respectively, will be set up in Apparel Park. Each will be a four-storey building, and unit sizes will be available in three categories — 84 sq m, 186 sq m, and 191 sq m. The project was approved by the YEIDA board in August 2022 and is expected to house a total of 150 units.

Additionally, the authority recently approved two flatted factories of 10,000 sq m each in Sector 28 to help industrialists with low budgets set up factories on rent. It will give space to over 100 units, and these complexes will have a capacity to accommodate over 250 industrial units.

The infrastructure with the flatted factories will provide affordable options for small entrepreneurs to start their businesses, as allotment rates in the area have been rising. These complexes will provide integrated infrastructure facilities and will give preference to subsidiaries of local large industries, start-ups, small budget investors, and associated MSMEs.