PPS plans ₹1,200-cr metro coach factory in Noida

After the Jewar airport announcement, there is another investment boost to the Yamuna Authority area with PPS International asking Yamuna Expressway Industrial Development Authority (YEIDA) for 20-acre land involving an investment of ₹1,200 crore. The company has made a proposal and sent it to YEIDA and it is in the process of getting the green signal from the central and state agencies. The Yamuna Authority has agreed on the allocation of land for the factory in Sector-32 and once the factory is commissioned it will start manufacturing the stainless steel coaches based on German Technology in the Authority area in the NCR region. Apart from generating huge job avenues to locals, the project will bring huge investments from big companies across the world. Most of the industrial plots in the authority area have been allocated for electronics or light industries. The establishment of the heavy industry will open newer doors for ancillary industries. Formed in 2013, the company manufactures overhead electricity cables, cantilever, electric plugs etc. for the Indian Railway and Metro Rails.