Gautam Buddh Nagar Announces E-Auction of Industrial Plots Up to 8000 Sq Meters

                NOIDA: The industrial land allotment policy for 
the three development authorities in GB Nagar 
is set to be modified again. Authorities plan to 
use e-auctions for plots up to 8,000sqm, 
and an objective criteria or interview for larger 
land parcels. The decision follows a review 
meeting led by chief minister Yogi Adityanath. 
According to sources, Noida, Greater Noida, 
and Yamuna Expressway Industrial 
Development Authorities, being autonomous 
bodies, had sought approval from the CM to 
determine the method and criteria for plot 
allotments 
independently.
On July 6 last year, UP industrial development 
commissioner Manoj Kumar Singh issued a 
letter directing the authorities to abolish the e-
auction process and reinstate the previous 
objective criteria method, effective before April 
2022. Noida and Greater Noida authorities 
switched to an interview-based method after 
scrapping the e-auction process in Aug, and 
YEIDA followed suit in Sept.
The move followed persistent agitation by 
entrepreneurs, particularly those in the micro, 
small, and medium enterprises (MSME) sector, 
who argued that the e-auction process 
favoured large-scale entrepreneurs, making it 
difficult for smaller enterprises to secure plots.

Noida Authority subsequently allotted some 
plots to industrialists based on the new 
criteria, while Greater Noida and YEIDA 
launched schemes under the revised system.
However, in Feb this year, UP industrial 
development minister Nand Gopal Gupta Nandi 
directed the authorities to seek the CM's 
approval before proceeding with any industrial 
land 
allotments through interviews.
This directive stalled the allotment process, 
which is now expected to resume soon with 
the issuance of a new order to implement the 
updated policy.
Before April 2022, industrial plots in GB Nagar 
were allocated through a combination of 
draws, interviews, and evaluations by a 
screening committee led by the chief executive 
officer.
Entrepreneurs of all categories were eligible to 
participate. Plots larger than 2,000 sqm were 
allocated after evaluation by the screening 
committee, and those smaller than 2,000 sqm 
were allocated through a draw of lots.
PK Tiwari, president of the Industrial 
Entrepreneurs Association, expressed concern 
that the new categorization still favors larger 
investor.  


Source : The Economic Time