An ‘American City' with campuses of American educational institutions alongside other business and commercial and institutional – hospitals and schools – facilities may come up near the upcoming Noida International Airport. Yamuna Expressway Industrial Development Authority (YEIDA) has received a proposal from Blue Sky Vantage — a US-based consultancy firm that assists American companies in expanding into new markets — to develop the hub over 1,200 acres across four sectors —22D, 22E, 5, and 5A.
This comes on the heels of proposals to set up a Korean City and a Japanese City, all in the vicinity of the upcoming airport in Jewar, to create a global industrial and educational ecosystem along Yamuna Expressway.
According to YEIDA officials, Blue Sky's proposal garnered interest from a US delegation, among them are eight to nine senators and a few top universities which were scouting land in Indian cities to invest in education, business and community projects.
"They have a plan to invest $4 billion over the next five-six years. After visiting many cities, they recently came to GB Nagar and held meetings. Subsequently, they expressed their desire to set up an ‘American City' over 1,200 acres of land. Of this, 1,000 acres will be of mixed land use allowing business and commercial activities alongside institutions — hospitals, schools, and other facilities," YEIDA CEO Arun Vir Singh said.
The consortium has also requested 100 acres each in sectors 22D and 22E for a group housing project and a university, respectively.
Recently, the Authority issued a letter of intent (LOI) for a 100-acre land parcel in Sector 22E for the university, which will also house management schools, dance, drama and theatre institutes, and an entertainment hub. The proposed investment is around Rs 800 crore. The proposal will soon be submitted to UP govt for final approval. Officials said the US delegation is in talks with the govt and an announcement is likely soon. Earlier, a Japanese City was announced on 395 hectares in Sector 5A and a Korean City on another 365 hectares in Sector 4A. The two electronic hubs are proposed to have companies manufacturing chips, semiconductors, artificial intelligence (AI) equipment and cameras. These will also have residential units for company staff.
"They are being planned to be self-sufficient, with provisions for housing, schools, hospitals, and other essential amenities for the Japanese and Korean citizens staying there," officials added.
The decision to establish the two cities was taken during meetings with investors from Japan and Korea ahead of the UP Global Investors Summit last year. Several delegations flew down to hold discussions on the projects over the next few months.
