YEIDA has issued Letters of Intent to three companies for setting up manufacturing units, marking a combined investment of around Rs 4,000 crore in Uttar Pradesh.

Two of these companies will be allotted land in the upcoming Electronics Manufacturing Cluster (EMC) 2.0 in Sector 10, which spans 206 acres.

Amber and Ascent together are expected to invest around Rs 4,000 crore across these two projects. 

Ascent is also expected to form a joint venture with some Korean firms for the PCB manufacturing venture.

Ascent-K Circuit will receive 16 acres to manufacture high-end printed circuit boards, while Toshi Automatic Systems will be allotted five acres as a member of a Special Purpose Vehicle under the Central Govt's EMC 2.0 scheme. 

YEIDA CEO Arun Vir Singh confirmed that the land allotments are subject to approval by the Invest UP empowered committee and state policy guidelines.