Current Affairs Exam

The Centre has sanctioned amedical devicepark in Uttar Pradesh, which is likely to draw an initial investment of Rs 15,000 crore. One among the four parks approved by the Centre, it will be set up at Sector 28 in Yamuna Expressway Industrial Development Authority area of Noida.Industrial development ministerSatish Mahanasaid, the Centre had received proposals from 14 states, but has given an in-principle approval to four, including UP,Himachal Pradesh,Madhya PradeshandTamil Nadu.

The park will be coming up on 350acre and land for the project has already been acquired byYEIDA. In phase 1, we are expecting investments of at least Rs 15,000 crore. Several companies have approached the government with proposals and development work for the project will kick off soon.

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