India, Feb. 24 -- Noida The Noida authority on Sunday said that it has decided to launch an industrial plot scheme soon under a new policy to support businesses in the micro, small, and medium enterprises (MSME) sector.

In the phase 1, the authority will offer 17 plots measuring 200 square metre (sqm) to 7,500 sqm, and allot them through an e-auction process.

"We have decided to come up with this scheme so that the businessmen looking for the smaller plots can get the land to set up their units in the city. It is a wonderful opportunity for the businessman to own a plot in this scheme," said a Noida authority official aware of the development.

The authority will allot around 60,000 sqm industrial land, and these plots are located in Se...