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Shifting of Jewar airport to affect business expansion in region
GREATER NOIDA: The proposal of shifting the international airport from Jewar to another place in UP has left a negative impact among Greater Noida domestic and multinational companies and the real estate business. Companies that were planning to expand business in Greater Noida are now mulling about their decision. Keeping the implication in mind, industrialists have approached the UP chief minister to keep the proposed airport at Jewar.
“It is another anti-industry decision. This has given a reason to industries to withdraw from Greater Noida. It’s an alarming situation that in the last 12 years no big company has been set up in the area,” said Aditya Ghildiyal, vice-president of the Association of Greater Noida Industries (AGNI). He said that when the Authority was formed, industrialists were told the airport would be built, sooner or later. “We have been cheated. The airport would have given a fillip to businesses trying to avoid double taxation in Delhi and Uttar Pradesh after transiting through Indira Gandhi International Airport,” Ghildiyal said.
“Jewar airport was a major factor that drove real-estate companies and five-star hotel chains to set shop in Greater Noida and along Yamuna Expressway as it would facilitate easy transport and connectivity. It will not only hamper development in the area but also result in revenue losses to the government to the tune of 20-25%. The airport would have also benefitted Gurgaon and Faridabad,” said Assocham member Vijay Gupta and CMD of Orris Infrastructures.
The HR head of Moser Baer, Rajiv Sahdev, said that the decision will leave an adverse effect on planning of export and investment in logistics. “This decision has given existing companies a reason to think twice before expanding business in the area,” Sahdev said.
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