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YEIDA Issues LoI for ₹3,000 Crore Solar Hub as Minda Plans ₹500 Crore Auto Unit Near Noida Airport

Both investments remain at the intent stage, with final approvals, financing, permits and construction still to come.

Overview

  • YEIDA issued a letter of intent and allotted 100 acres in Sector 8D for an RP‑Sanjiv Goenka Group 3 GW solar cell and integrated solar ecosystem hub that includes a 60 MW captive solar and energy storage plant.
  • The solar proposal targets TOPCon and perovskite‑tandem technologies with stated efficiency goals of 28–30% and projected power‑cost reductions of 10–15%, according to the authority.
  • Minda Corporation announced a new manufacturing unit in Sector 10 to produce wiring harnesses, sensors and connectors with an investment exceeding ₹500 crore to serve EV and ADAS demand.
  • Projected employment totals exceed 7,000 across the two projects, including about 1,200 direct and 4,000 indirect jobs from the solar hub and roughly 2,200 direct and 5,000 indirect roles from the Minda facility.
  • Officials say the initiatives strengthen renewable energy and auto‑component manufacturing in the YEIDA region near Noida International Airport, though timelines depend on company approvals, land transfer, financing and build‑out.