Noida: Yamuna Expressway Industrial Development Authority (YEIDA) in its 91st board meeting has accepted the International Trade City proposal. It is being planned along the lines of China’s Yiwu International Trade City, the world’s largest wholesale market for small commodities. It serves as a global trading hub where manufacturers and trading companies sell products in bulk to buyers from across the world.The Authority had hired Ernst & Young as a consultant to conduct a study for the Trade City proposal. The study found that India’s exports are highly diversified. Uttar Pradesh and other states across the country produce a wide range of products that are unique to their regions and enjoy strong demand in international markets. The Trade City will display and sell all such products, including those in the One District One Product (ODOP) scheme, a flagship initiative of the state govt aimed at promoting traditional and indigenous products.In the next step, the Authority will hold consultations with associations selling these products and businesses to seek their suggestions. The project is expected to strengthen the global reach of Indian products. Foreign buyers arriving at Noida International Airport will be able to visit the Trade Centre to view products and make deals. The project will be developed on 20 acres in sectors 7, 8 and 8A.At the meeting led by YEIDA chairman and additional chief secretary of the industrial development department, Alok Kumar, it was recorded that the Authority had a 114% increase in revenue during the first quarter of 2026 compared to Rs 640 crore during the corresponding period last year. Till June 30, the Authority has earned Rs 1,371 croreExpenditure also rose during the first three months of the financial year. YEIDA spent Rs 2,101 crore between April and June, compared with Rs 944 crore in the corresponding period last year. Officials said a major share of the expenditure — Rs 1,741 crore — was incurred on land acquisition for industrial allotments. This is important as, after the operation of Noida International Airport and cargo terminal, the investment will further increase in the area.CEO of Yamuna Authority RK Singh said the Board reviewed and approved several proposals and also sanctioned Rs 50 crore to strengthen fire safety infrastructure in the area.“The Board reviewed the progress of different parks — MSME Park, Handicraft Park, Toy Park, Apparel Park and Medical Device Park. The Authority has so far allotted 1,122 plots, of which possession was handed over for 118 plots, lease deeds of 63 plots were executed, building maps were approved in 62 cases, while 15 entrepreneurs made their units operational and 12 units were registered under the Factories Act,” he said.The Board also approved the allotment of 200 sqm of land to Noida International Airport concessionaire, Yamuna International Airport Private Limited, for the scientific disposal of solid waste under the solid waste management programme near Dhanauri village. It also approved the allotment of 30 acres in Sector 9 to the Indian Council of Medical Research for setting up Advanced Research Facilities in the YEIDA area.The Board also reviewed the progress of payment of additional compensation to farmers and the allotment of 7% abadi plots against acquired land. It directed officials to expedite the allotment of the remaining plots at the earliest.
