The Greater Noida Industrial Development Authority said it has launched a scheme for allotment of 44 industrial plots and expects Rs 5,000 crore in revenue.

The land allotment for industries will also generate 10,000 employment opportunities, the Greater Noida Industrial Development Authority (GNIDA) said in a statement.

"Greater Noida has emerged as a hub of industrial investment. Keeping in view the demand and need of entrepreneurs, the scheme has been launched. Possession of the plot will be given within the stipulated time. With this, thousands of youngsters will get employment opportunities along with investment in the region," GNIDA CEO NG Ravi Kumar said.

With the allotment of these 44 plots, the GNIDA is expected to rake in around Rs 5,000 crore from the reserve price.

With the allocation, an investment of Rs 5,000 crore and direct and indirect employment opportunities to 10,000 youngsters are expected, the GNIDA said.