By Bricksnwall | 2023-10-12

According to YEIDA officials, the land allotment procedure would most likely commence by the end of the year.

The Yamuna Expressway Industrial Establishment Authority (YEIDA) is expected to issue a global tender by the end of next week for the establishment of an aircraft maintenance, repair, and overhaul (MRO) facility at the planned Noida International Airport in Jewar.

They stated that land is being obtained for the development of the MRO facility and a dedicated runway for it at Jewar Airport as part of the airport's second phase. They stated that about 60% of the entire land for the project has already been acquired, with the remainder expected to be acquired soon. The second phase of the airport project will need the acquisition of 1,365 hectares of land.

Officials also stated that the process of allocating land for this purpose will most likely commence by the end of the year.

According to a YEIDA official, the land acquisition process for the second phase has been accelerated. "Nearly 814 hectares of land have already been acquired out of 1,365 hectares, accounting for approximately 60% of the targeted land under the second phase." This property will be used to build the MRO facility and a dedicated runway. A global tender for establishing the MRO facility is expected to be issued by the end of October, according to the official.

The second phase of land acquisition includes villages such as Jewar Bangar, Tirthali, Dhanpura, Madalpur, Mahndipur, Faileda, and Karauli, among others. According to the official, the Authority has already distributed Rs 2,800 crore as compensation for the 814 hectares of land seized thus far.

According to Arun Vir Singh, CEO of YEIDA, the country now has roughly 600-700 aircraft, but the aviation sector is projected to expand, with the number of passenger aircraft expected to rise to 2,400-2,500 in the next three to four years. As a result, the government will require more specialized MRO facilities to maintain and repair such a big fleet of jets.

As a result, to tackle this challenge, a cutting-edge MRO facility will be built at the under-construction Noida International Airport in Jewar. It will be built as part of the airport's second phase. Small aircraft manufacturing facilities would be established near the airport to supplement the MRO facility," Singh told Moneycontrol.

He stated that in order to boost MRO services, the Uttar Pradesh government has also issued an MRO policy under which eligible players receive a subsidy of Rs 12 crore. This industry will also benefit from a 10-year GST exemption. The proposal also includes provisions for land-related subsidies.