The Yamuna Expressway Industrial Development Authority (YEIDA) in Uttar Pradesh will build a furniture park on 300 acre spread over Sectors 28 and 29.
A total of 4,000 sq mtr of the total area will be allotted by draw of lots. So far, 15 firms have shown interest in the scheme that will be floated in January 2021.
The park will also have antique furniture and together it is likely to push sales, as Jewar airport is coming up in the vicinity.
A furniture park near Jewar airport will definitely boost exports and help the manufacturing segment of Indian wood ware, which not only includes furnitures like beds, sofas, tables and cabinets, but also decorative items like statues, frames and figurines.
The scheme will be floated in January 2021 and already 15 big companies have shown interest in the project.
YEIDA has already launched schemes for toy, apparel handicrafts and an MSME park that are expected to create job opportunities for the local youths. While plots have been allocated for these parks, the allottees will have to begin manufacturing in five years from the date of their allotment.
Under the furniture park scheme, 4,000 sq mtr will be divided into plots and allotted by draw of lots.