Business

UP Government to Establish Rs 125 Crore Flatted Factory in Greater Noida to Enhance MSME Sector

Published

7 months ago

June 9, 2025

In a pivotal step to enhance Uttar Pradesh’s Micro, Small, and Medium Enterprises (MSME) sector and propel its ambition to reach a USD 1 trillion economy, the government led by Yogi Adityanath is moving forward with the construction of a cutting-edge flatted factory in Greater Noida.

This initiative aligns with the state’s overarching goal of becoming a prominent industrial hub, emphasizing support for micro, small, and medium enterprises alongside larger industries.

Under the guidance of the Chief Minister, the Yamuna Expressway Industrial Development Authority (YEIDA) has devised a comprehensive plan for the flatted factory complex. Located in Sector 28 of Greater Noida, Gautam Buddha Nagar, this project entails a total investment of Rs 125 crore. Preliminary tasks, including the master plan and supporting reports, are currently in progress, with construction anticipated to finish within 24 months, according to officials on Sunday.

This project aims to stimulate MSME growth by providing advanced infrastructure within a shared facility. The flatted factory will offer well-equipped units with essential amenities, facilitating efficient production and operations.

The envisioned complex is also expected to significantly attract new investments to the area, stimulate local economic growth, and create employment opportunities, especially for the youth.

Developed under the Engineering, Procurement, and Construction (EPC) model, the project is set to be completed within two years, followed by a three-year defect liability period. The multi-storey flatted factory will encompass a total area of over 38,665 square meters, providing modern units tailored for MSMEs.

In addition to the main building, the complex will be designed to accommodate future demands. It will feature contemporary facilities such as internal water supply, electricity, fire safety systems, elevators, and HVAC (heating, ventilation, and air conditioning). The design will also adhere to green building standards to promote sustainability. Enhanced security measures, including CCTV, access control, and other electronic systems, will be incorporated.

The complex will boast excellent road connectivity, with 24 and 30-meter-wide roads linking it to the highway. Additional external development will include boundary walls, gates, guard rooms, internal roads, parking, drainage, sewage, water supply, plumbing pumps, fire safety systems, and landscaping.

Business

Gold Prices Decline Slightly on January 16

Published

3 days ago

January 16, 2026

Namma Kudla

Gold prices witnessed a mild decline in the domestic bullion market on January 16, 2026. The price of 24-carat gold was recorded at ₹143,080 per 10 grams. This marked a fall of ₹360 compared to its previous closing price, indicating a soft trend in the precious metal market.

Similarly, the price of 22-carat gold also moved lower. It was trading at ₹131,157 per 10 grams during the day. The decline in gold prices reflects cautious sentiment among investors amid changing global economic signals.

Market experts said gold prices were affected by fluctuations in international markets and movements in the US dollar. Profit booking by investors at higher levels also contributed to the marginal drop in prices.

Despite the decline, demand for gold remains steady in the domestic market. Jewellers reported moderate buying interest, especially for 22-carat gold used in jewellery. Industry participants are now closely watching global inflation data, interest rate trends, and geopolitical developments.

Gold prices are expected to remain volatile in the coming days. Investors are advised to keep an eye on global cues and currency movements before making fresh investments.

Business

Silver Crashes ₹12,500 to ₹2.43 Lakh per kg; Gold Declines ₹900

Published

1 week ago

January 9, 2026

Namma Kudla

Silver prices fell sharply from record levels in the national capital on Thursday due to global profit-booking. The price of silver dropped by ₹12,500 to ₹2,43,500 per kilogram.

According to the All India Sarafa Association, the white metal had touched a record high of ₹2,56,000 per kilogram in the previous trading session on Wednesday. Silver had surged by ₹5,000 in that session amid strong global cues.

Gold prices also weakened on Thursday. The yellow metal declined by ₹900 per 10 grams in the local market. Traders attributed the fall to selling pressure after recent gains.

Market experts said that a rise in global prices earlier had encouraged investors to book profits. This selling pressure impacted both silver and gold prices in the domestic market.

They added that movements in international bullion prices and a stronger dollar also influenced the decline. Investors are now closely watching global economic signals for further direction in precious metal prices.

Business

India Should Boost Silver Processing, Diversify Imports

Published

2 weeks ago

January 7, 2026

Namma Kudla

India should strengthen its silver processing capabilities and diversify its import sources, according to the Global Trade Research Initiative (GTRI).GTRI said silver is not just a precious metal. It is also a critical input for industries and the clean energy transition.

The report highlighted the growing importance of silver in sectors such as electronics, solar energy, electric vehicles, and advanced manufacturing. GTRI said India should secure long-term mining supplies from overseas to ensure a stable flow of raw silver.

It also recommended boosting domestic refining capacity to reduce dependence on imported finished silver. The think tank stressed the need to expand silver recycling within the country to meet rising demand.

GTRI warned that heavy reliance on a few countries for processed silver could pose supply risks. It noted that China is currently the world’s dominant processor of silver. The report advised India to diversify its import sources to improve supply security and reduce vulnerability to global disruptions.

GTRI said these measures would support India’s industrial growth and energy transition goals.