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Amber Enterprises is set to invest Rs 60 billion to establish a large-scale electronics manufacturing facility near the upcoming Noida International Airport in Jewar. The announcement follows a meeting between Uttar Pradesh Industrial Development Minister Nand Gopal Gupta and Amber Enterprises promoter Jasbir Singh in Lucknow.

As per an official statement, the company aims to set up units for PCB assembly, home appliances, and consumer electronics production under this project.

The Yamuna Expressway Industrial Development Authority (YEIDA) has issued a Letter of Intent for 100 acres of land in Sector 8 for the project. The site is located near the Jewar airport, along the Yamuna Expressway.

The minister stated that the initiative would boost industrial development in the state and generate employment opportunities. The electronics and white goods ecosystem in the region is also expected to benefit from the new facility.

Amber Enterprises is a leading manufacturer of air conditioners and allied electronics.

News source: Outlook Business