UP to develop 4 data centre parks under Data Center Policy 2021
Technology

UP to develop 4 data centre parks under Data Center Policy 2021

The Uttar Pradesh government on Tuesday sanctioned proposals to develop four data centre parks under its Data Center Policy 2021 with an over Rs 15,950 crore investment.

An official statement said these would employ approximately 4,000 people directly or indirectly.

The state cabinet also sanctioned non-financial incentives to NIDP Developers Private Limited and financial and non-financial incentives to three other investors — NTT Global Data Centres, Adani Enterprises, and Cloud Infrastructure India.

Under the data centre policy, parks and units are provided stamp duty exemption, capital subsidy, interest subvention, on purchase or lease of land, and different other non-financial incentives apart from energy-related financial incentives.

In another significant decision, the state cabinet sanctioned the proposal to set up a repair, maintenance, and overhaul hub for aircraft at the upcoming Jewar airport.

PWD minister Jitin Prasada said that there was a pressing requirement for Maintenance, Repair, and Overhaul (MRO) hubs in the state to provide for the ongoing development and expansion in the civil aviation segment.

Maintenance, repair, and overhaul of aircraft utilised for operations in the civil aviation sector is an ongoing and time-bound process. Currently, due to the absence of MRO installation in India, aircraft are sent for repair to places like Dubai, and Singapore, where repairs are expensive and time-consuming, Prasada said.

Stating that there are huge possibilities of setting up MRO hubs in Uttar Pradesh, he said that about one thousand new aircraft are likely to be purchased in the country by 2026.

The state will not only earn income but would also be able to deliver a large number of employment opportunities with this policy, he said, adding that it will also pave the way for the development of Micro, Small, and Medium Enterprises (MSMEs) in UP. It will have a positive impact on the gross domestic product (GDP) of the country and the state apart from saving time and foreign exchange.

Image Source

Also read: NTT launches hyperscale data centres in Navi Mumbai

The Uttar Pradesh government on Tuesday sanctioned proposals to develop four data centre parks under its Data Center Policy 2021 with an over Rs 15,950 crore investment. An official statement said these would employ approximately 4,000 people directly or indirectly. The state cabinet also sanctioned non-financial incentives to NIDP Developers Private Limited and financial and non-financial incentives to three other investors — NTT Global Data Centres, Adani Enterprises, and Cloud Infrastructure India. Under the data centre policy, parks and units are provided stamp duty exemption, capital subsidy, interest subvention, on purchase or lease of land, and different other non-financial incentives apart from energy-related financial incentives. In another significant decision, the state cabinet sanctioned the proposal to set up a repair, maintenance, and overhaul hub for aircraft at the upcoming Jewar airport. PWD minister Jitin Prasada said that there was a pressing requirement for Maintenance, Repair, and Overhaul (MRO) hubs in the state to provide for the ongoing development and expansion in the civil aviation segment. Maintenance, repair, and overhaul of aircraft utilised for operations in the civil aviation sector is an ongoing and time-bound process. Currently, due to the absence of MRO installation in India, aircraft are sent for repair to places like Dubai, and Singapore, where repairs are expensive and time-consuming, Prasada said. Stating that there are huge possibilities of setting up MRO hubs in Uttar Pradesh, he said that about one thousand new aircraft are likely to be purchased in the country by 2026. The state will not only earn income but would also be able to deliver a large number of employment opportunities with this policy, he said, adding that it will also pave the way for the development of Micro, Small, and Medium Enterprises (MSMEs) in UP. It will have a positive impact on the gross domestic product (GDP) of the country and the state apart from saving time and foreign exchange. Image Source Also read: NTT launches hyperscale data centres in Navi Mumbai

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement