UP cabinet nod to four  investment proposals  under data centre policy

| | Lucknow
  • 0

UP cabinet nod to four  investment proposals  under data centre policy

Wednesday, 29 June 2022 | PNS | Lucknow

The Yogi Adityanath cabinet on Tuesday gave approval to four investment proposals regarding incentives for establishment of data parks under the ‘Uttar Pradesh Data Centre Policy-2021’ in line with the Centre’s push to localise data storage.

“This will not only give a major boost to the state towards becoming ‘self-reliant’ in data storage but will also foster the development of data centre parks in Uttar Pradesh. The move will provide direct and indirect employment to scores of people in the state,” a government spokesman said here on Tuesday.

The decision was taken in the cabinet meeting held here under the chairmanship of Chief Minister Yogi Adityanath.

In view of the importance of data centres, Yogi had prepared the ‘Data Centre Policy-2021’ during his last tenure. Various financial and other incentives have been given under the policy. In the recent groundbreaking ceremony held in the state, out of the investment proposals to the tune of more than Rs 80,000 crore, those worth about Rs 20,000 crore were for the establishment of data centres. The work for the setting up of four data centre parks with an investment of over Rs 15,950 crore is under process.

Of these are NIDP Developers Pvt Ltd of Hiranandani Group with an investment of Rs 9134.90 crore, NTT Global Centres and Cloud Infrastructure India Pvt Ltd of Japan with an investment of Rs 1,687 crore, two projects worth Rs 2,414 crore and Rs 2713 crore each of Adani Enterprises Ltd. These will provide direct and indirect employment to more than 4,000 people.

Hiranandani Group’s first institute is expected to be ready by July and commercial work is likely to start from September.

The cabinet also decided to give necessary impetus to these projects under the policy, with the conditions that the investment made within the policy period will be considered for permissibility of financial incentives and will be started during the policy period (5 years). The financial incentives from all sources to any entity, unless otherwise specified in the policy, should not exceed the limit of 100 per cent of its fixed capital investment.

Due to the concessions given under the data centre policy, about 30 investors have shown interest in investing Rs 20,000 crore in the IT sector.

In view of the increasing interest of the investors in the IT sector, the chief minister has declared Noida, Greater Noida and Yamuna Expressway areas ‘Electronics Manufacturing Zones’. As a result, many reputed companies from China, Taiwan and Korea have come forward to set up their units.

State Editions

Bovine urine procurement at present on pilot mode: Baghel

11 August 2022 | Staff Reporter | Raipur

Antagarh to get passenger train

11 August 2022 | Staff Reporter | Raipur

Chhattisgarh ensures doorstep delivery of transport documents

11 August 2022 | Staff Reporter | Raipur

Mandloi to receive ‘Vasundhara Samman’

11 August 2022 | Staff Reporter | Raipur

Med expert cautions against seasonal disease in children

11 August 2022 | Staff Reporter | Raipur

CFRR awareness campaign in Chhattisgarh from Aug 15

11 August 2022 | Staff Reporter | Raipur

Sunday Edition

Talktime | ‘Singing is my passion & my first interest’

07 August 2022 | SUPRIYA RAMESH | Sunday Pioneer

Smile with confidence

07 August 2022 | DR RIYA GUPTA | Sunday Pioneer

A Pawfect Day

07 August 2022 | Pioneer | Sunday Pioneer

Book Shaman in the City is the thriller you were looking for

07 August 2022 | Pioneer | Sunday Pioneer

Masterstroke

07 August 2022 | Pioneer | Sunday Pioneer

How the role of leadership is changing

07 August 2022 | Pioneer | Sunday Pioneer