India, Nov. 11 -- The Yamuna Expressway Industrial Development Authority is all set to allot 100 acres land to global tractor manufacturer firm New Holland in Sector 8D near Noida International airport, as the firm plans to manufacture tractor engines and related equipment at the site, officials said.

The Authority on Tuesday said it has issued Letter of Intent (LoI) to New Holland that wished to set up a manufacturing unit near Noida International airport with plans to invest around Rs.5,000 crore.

"Many companies have expressed keen interest in investing near the upcoming Noida International Airport. On Monday, New Holland submitted a proposal seeking 100 acres of land to establish its new unit in the region. The company plans to inve...