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UP first data centre to be set in Greater Noida from Rs 600-crore.

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Uttar Pradesh’s first data center park in Greater Noida is also going to be built after the country’s largest airport and the first aerotropolis. For this, Chief Minister Yogi Adityanath has given the green signal. The project will be set up by Hiranandani Group of Mumbai. An investment of 550-600 crores is being said in this data center park to be built on 20 acres of land. According to experts, after the completion of this project, IT companies working in UP and elsewhere will help in doing business.

Data center is a large group of computer servers connected to a park network. It is used by companies for storage, processing and distribution of large amounts of data. Philhawk companies do all the processing of their data abroad. On the other hand, according to experts, there are millions of consumers of social media platforms like Facebook, Twitter, WhatsApp, Instagram, YouTube etc. in UP. It is expensive and difficult to protect all these data. Apart from this, keeping the data of banking, retail trade, healthcare, travel, tourism and Aadhar card etc. is not less than a big challenge. Data park is important for all of this.

According to media reports, many more big companies had shown interest in investing in this data center. These include Rack Bank, Adani Group and Earth Company etc. Who has proposed an investment of Rs 10000 crore to the UP government. The Greater Noida Authority has also proposed land for this data park. It is being told that it has also been approved by CM Yogi. According to media reports, it is to be prepared by Hiranandani, a real estate developer in Mumbai. This company has also built such data centers in Mumbai, Chennai and Hyderabad earlier.

Significantly, Prime Minister Narendra Modi took the initiative on the plan to build such data center parks across the country. Due to this, the UP government is formulating a policy in view of the wide scope in this sector. In this episode, it has been decided to build the first data center in Greater Noida. Under this, investors will also be given many types of discounts. Also, there are plans to provide power from two grids to the data center park. It is also proposed to promote solar energy in the development of data center parks as per the government policy. It is being told that after its preparation, the companies who keep their data safe abroad, will be trending towards this data center.

 

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For Tiwan & Korean firms Uttar Pradesh emerging as favoured investment hotspot.

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As foreign firms expressed intent to invest in UP in a big way, Yogi govt has decided to bring out ‘UP Electronic Manufacturing Policy – 2020’ in August 2020, which is aimed at developing the Electronics sector in all parts of the state.

In a significant milestone for Yogi govt, Electronics Manufacturing Sector has achieved the five-year target in just 3 years by garnering an investment of Rs 20,000 and about 3 lakh employment generation. Many companies from China, Taiwan and Korea are making a beeline to invest in the Electronics sector in Uttar Pradesh and some of those have already arrived in a big way. Recently, Samsung relocated its plant in India from China.

Under the stewardship of Yogi Adityanath, Uttar Pradesh is fast emerging as hotspot destination for multi-national companies mainly from China, Taiwan and Korea. Electronics Manufacturing sector is drawing maximum investment as many firms have shown keen interest in setting up their bases in the state.

”The target of Rs 20,000 crore of investment and employment of three lakh was set to achieve till 2022 but could be achieved two years in advance as as many as 30 investors were attracted by the policies of the government to invest in Electronics sector in the state till 2020,” Industrial Infrastructure and Industrial Development Commissioner (IIDC) Alok Tandon said.

He said, “the new ambience developed by the state government has resulted in Noida, Greater Noida and Yamuna Expressway area has a well-distinguished Electronics manufacturing hub where many units are coming up. We are receiving intents from several companies regularly as the Electronics Sector is beaming with the activities in the times to come.”

An Electronic Manufacturing Cluster (EMC), designated as TEGNA cluster, is also being set up in NCR where foreign companies like Oppo, 3 Indian companies and 4 Taiwanese companies are setting up their units with an expected investment of Rs 2000.

Buoyed by its success, Yogi government decided to bring out ‘UP Electronic Manufacturing Policy – 2020’ in August 2020, which aimed at developing the Electronics sector in all parts of the state. Uttar Pradesh government, in view of the successful investment scenario in the sector, has also upwardly revised the target to bring fresh investments of Rs 40,000 crore and further generate 4,00,000 employments in the next 5 years.

Under the 2020 policy, 3 Electronics Manufacturing Clusters – an Electronic City near Jewar Airport on Yamuna Expressway, Defense Electronics Manufacturing Cluster (DEMC) in Bundelkhand and a Medical Electronic Manufacturing Cluster in Lucknow-Unnao-Kanpur zone – have been proposed to be established.

Besides, in order to attract investors in establishing manufacturing industries in Bundelkhand and Purvanchal region, various financial incentives have been envisaged in the new policy.

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