Uttar Pradesh Government to set up ‘Electronic Park’

WHY IN THE NEWS?

• The Yogi Adityanath led Uttar Pradesh government has cleared a proposal to develop an ‘Electronic Park’, along the Yamuna Expressway Industrial Development Authority (YEIDA) area, near Noida, to promote the electronics industry.
• The park is proposed to be developed in an area of 250 acres of the YEIDA near Jewar Airport.
• National and international companies manufacturing mobile phones, TVs and other electronic devices and accessories will establish their units in the park.
• The new Electronic Park will be built at an investment of around Rs 50,000 crore as well as generate employment for thousands of local youths