Chenfeng Tech to invest Rs 600 crore at Greater Noida township, ET RealEstate

June 23, 2023

GREATER NOIDA: Chinese firm Chenfeng Tech Private Limited is set to invest Rs 600 crore at the Integrated Industrial Township Greater Noida Limited (IITGNL) where it plans to set up a plant to manufacture components for LED street lights.

On Thursday, a groundbreaking ceremony was conducted and the unit is likely to become operational within one-and-a-half years. It is the fifth foreign company to invest in the township, officials said.

He Wenjian, group chairman, Chenfeng, who attended Thursday’s ceremony, said they chose IITGNL after visiting several places in the country and gathering information about those areas. “India is a huge market and most products related to LED are imported here. Components of LED lights will be manufactured in this plant, which is being built over 64,000 sqm,” the official said.

AK Arora, general manager, Greater Noida Industrial Development Authority (GNIDA), Patanjali Dixit, secretary, IITGNL, and several officials from Chenfeng attended the event.

“This company will invest about Rs 600 crore here and the plant is expected to generate employment opportunities for about 5,000 people. One of its plants is already operating in Sector Ecotech 1, Extension 1,” said Narendra Bhooshan, the chief executive officer (CEO), GNIDA, who is also the managing director of IITGNL.

Bhooshan said the Multimodal Transport and Logistics Hub (MMTLH) at Bodaki, the Noida International Airport at Jewar, the Dedicated Freight Corridor Corporation’s (DFCC) and the eastern and western railway corridors will improve connectivity in the region.

He also called upon companies to invest in the township and said industrial plots can be allotted in less than a month.

  • Published On Oct 15, 2021 at 11:55 AM IST

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