To bolster its position as a leading investment destination in information technology (IT) & electronics, the Uttar Pradesh government will launch projects involving private investment of more than Rs 91,000 crore on February 19.
The mega ceremony, where projects of over Rs 10 trillion pertaining to various sectors would be launched, is slated to be led by Prime Minister Narendra Modi in Lucknow.
Nearly 60 projects of the IT & electronics sector in the kitty would generate employment opportunities for over 81,000 people.
These initiatives in the IT & IT enabled services (IT & ITes) sector are poised to reshape the technological landscape of the state, propelling innovation and economic growth to new heights.
According to information from the department of IT & ITes, among the big-ticket investments are: – Noida Data Center Park, that is being set up by NIDP Developers. Situated in Gautam Buddha Nagar district, the project will come up with an investment of Rs 30,000 crore on 20 acres of leased land of the Greater Noida Industrial Development Authority (GNIDA).
Another notable project in Yamuna Expressway Industrial Development Authority (YEIDA) area is the unit of TARQ Semiconductors. The project would focus on manufacturing integrated compound semiconductors GaN Epi, fabrication and assembly, with an investment of Rs 28,440 crore.
Similarly, Sify Infinit Space Limited will be setting up two projects with a cumulative investment of Rs 19,000 crore.
A Data Center entailing investment of Rs 11,000 crore is also in the same pipeline, while antoehr project would develop critical IT infrastructure in the Data Center sector, with a phased investment of Rs 8,000 crore. Both the projects are coming up in Gautam Buddha Nagar.
During the UP Global Investors Summit (GIS) in February 2023, the Yogi Adityanath government 2.0 received 321 investment proposals worth Rs 5.3 trillion in the IT and electronics sector, of which 60 projects worth Rs 91,000 crore are ready for grounding within a year.
These projects will feed the state’s aim of becoming a $trillion economy in near future and emerge as a major services hub in South Asia.