Digital News Guru Uttar Pradesh Desk:
Minda’s big move: Rs 522 crore investment on 23-acre plot
On 8 December 2025, Yamuna Expressway Industrial Development Authority (YEIDA) formally allotted a 23-acre industrial plot in Sector 10 along the Yamuna Expressway to Minda Corporation. Under the terms, Minda will invest Rs 522 crore to set up a state-of-the-art manufacturing facility for wiring harnesses and connection systems.
The facility is planned to have an annual production capacity of 4.8 million (48 lakh) units. The investment and the project got clearance under the state’s Uttar Pradesh Investment Promotion Policy, which allows incentive support for major companies — Minda, being part of a Fortune-500 group, qualified under this scheme.
The allotment letter was handed over by YEIDA CEO Rakesh Kumar Singh to Minda’s executive director Akash Minda in a formal ceremony that included other senior officials from YEIDA and the corporate affairs head of Minda Group.
Why this matters: Minda’s pedigree and the broader industrial push
Minda Corporation is a flagship company of the larger Spark Minda Group. The group already runs 27 manufacturing units across India and globally — in countries including Vietnam, Japan, Italy, and Indonesia. Their manufacturing expertise spans multiple segments: mechatronics, EV and electronic systems, plastics & interiors, automotive components, and more.
This new wiring-harness unit will add another significant production node to their portfolio. In the past, the group had received 22 acres in Sector 24 (YEIDA area) to manufacture ignition switches and steering locks — as part of a separate joint-venture with partners from Korea and India. The latest allotment in Sector 10 suggests Minda’s growing commitment to the Yamuna Expressway corridor and its long-term view of the region as an industrial hub.
From YEIDA’s perspective, this aligns with a concerted strategy to attract large-scale manufacturing investments. Over the past few years, the corridor has seen interest in sectors ranging from electronics manufacturing clusters to automotive components, semiconductors, and more.
Economic and employment impact: What the region stands to gain
The new plant is expected to generate significant direct and indirect employment. Local media reports suggest the project could create over 2,000 jobs (direct + indirect), providing a major employment boost for the region.
Given the production capacity — 48 lakh wiring harness units per year — there will also likely be growth in the supply chain ecosystem: vendors, logistics, ancillary units, services. This can spur more industrial activity, residential demand for workers, and supporting infrastructure (transport, housing, retail).
Moreover, such investments help solidify the Yamuna Expressway corridor’s reputation as a rising manufacturing belt — benefiting not just Minda, but multiple companies across sectors. Analysts expect a multiplier effect: more industries, more jobs, more consumption, more infrastructure development.
Strategic Significance: Why Minda chose Yamuna Expressway
There are several strategic factors that make the Yamuna Expressway corridor — especially the sectors under YEIDA — attractive for Minda:
- Policy incentives: Through the Uttar Pradesh Investment Promotion Policy, companies like Minda (especially Fortune-500 firms) can avail subsidies and support for land allotment and project execution.
- Growing industrial ecosystem: Several major projects — ranging from electronics manufacturing clusters to medical device parks, and even semiconductor/solar projects — are already lined up or under execution in nearby sectors. This gives Minda an ecosystem of vendors, skilled labour, infrastructure, and logistics.
- Connectivity and infrastructure push: With developments like the upcoming airport at Jewar and improved transport links, the region is increasingly gaining in strategic importance — making it favourable for large-scale manufacturing that needs efficient logistics and supply-chain management.
For Minda, this isn’t just a one-off factory. It could represent a long-term anchor presence in the corridor — enabling them to scale up, tap new markets (especially EV and electronic components), and integrate deeply into the supply chain.
Broader picture: Industrialization along Yamuna Expressway corridor
The Minda project comes at a time when the entire Yamuna Expressway zone is seeing a surge in industrial allotments and proposals:
- Under recent YEIDA schemes, multiple industrial plots have been allotted to MSMEs, electronics firms, medical device manufacturers, and more — drawing investments estimated in hundreds of crores and expected to create thousands of jobs.
- The region’s attractiveness lies not only in the land allotments but also in coherent planning: industrial zones, mixed-use developments (industrial + residential + commercial), support for MSMEs and large firms, and policy incentives for investment.
- With players like Minda entering, investor confidence grows — this can trigger a virtuous cycle: more companies looking to set up units, more employment, improved infrastructure and services, more talent migration, and eventually, a transformation of the corridor into a major manufacturing & investment hub in North India.
What this means for the future — Opportunities and Challenges
Opportunities
- Employment generation: Direct factory jobs plus ancillary and indirect jobs — boosting livelihood opportunities in Greater Noida / YEIDA region.
- Industrial ecosystem development: A large firm like Minda could attract suppliers, vendors, logistics players — leading to cluster development and economies of scale.
- Supply-chain strengthening: Given global push for localization (especially in auto & EV components), having a robust domestic manufacturing base helps reduce imports and build self-reliance.
- Regional growth and infrastructure: Momentum from such investments often leads to better roads, housing, services — enhancing regional development.
Challenges / Considerations
- Execution risk: Land allotment and policy approval are only the first step — timely execution, environmental clearances, worker safety, supply-chain readiness, and market demand will determine success.
- Infrastructure load: Rapid industrialization could strain local infrastructure (water, power, waste disposal, transport) if not planned properly.
- Skill & workforce readiness: To sustain modern manufacturing units, availability of skilled labour, training facilities, and good working conditions will be important.
- Balanced development: Ensuring that growth doesn’t lead to unplanned urban sprawl, environmental degradation or social inequities will be crucial.
Conclusion
The allotment of 23 acres in Sector 10 of the Yamuna Expressway to Minda Corporation, backed by a Rs 522 crore investment plan, marks a significant milestone for both the company and the region. For Minda, it expands their manufacturing footprint — potentially strengthening their position in wiring harnesses and automotive electronics. For the Yamuna Expressway corridor and YEIDA region, it represents another anchor investment in what could soon become a robust manufacturing belt, generating jobs, driving regional development, and attracting more industry.
As the project moves from paper to ground reality, its execution will be closely watched — not just for Minda’s performance but for what it signals about the future of industrialisation in Uttar Pradesh, the rise of auto-component manufacturing hubs, and the evolving economic landscape of the NCR periphery.
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