The Yogi UP government’s investor-friendly policies are luring data centre businesses, business groups, and individual investors from Singapore and all over the world.
The UP government’s information technology (IT) and other initiatives have gotten a major thumbs up from Singapore’s top corporate houses, and as a result, several Singapore corporations have expressed an interest in investing in the integrated township, electronics, logistics, and data centre sectors.
In this vein, Singapore-based ST Telemedia Global Data Center (STT GDC) India has taken the lead in establishing a Greenfield Data Center Campus in Gautam Budh Nagar (Noida). Additionally, large corporations from America, Japan, and Korea are speeding their IT-related projects in Noida.
Microsoft of the United States and NTT of Japan have also acquired property in Noida for the purpose of constructing a data centre. Several other Indian firms, notably the Hiranandani Group, have chosen Noida as the location for data centre parks.
With all domestic and global corporations locating data centres in Noida, providing employment opportunities for local residents as well as those affiliated with the country’s IT industry, Noida is likely to become renowned as India’s data hub.
Noida takes pleasure in the fact that Singapore-based corporations are interested in putting up data centres in the city. According to experts from Singapore’s Information Technology and Electronics Department, the business relationship between Singapore and India is quite robust. Singapore is India’s fifth largest trading partner.
Singapore High Commissioner Simon Wong met with Uttar Pradesh Chief Minister Yogi Adityanath last month and stated that the state’s economic climate is favourable. The master plan is excellent, and the logistical elements have been built in an orderly fashion.
Due to the fact that UP is a popular religious tourism destination for millions, it attracts a significant number of devotees from throughout the country and internationally. Singapore investors are interested in investing in the establishment of the Bundelkhand Defence Corridor, MSME, Logistics, Integrated Townships, and Data Centers in Uttar Pradesh. Apart from this, investors are interested in investing in Varanasi’s Skill Center region. There is also speculation of two Singapore corporations establishing a data centre in Noida and another Singapore company investing in Kanpur’s Agro sector.
According to officials, the Singapore-based corporation has proposed to invest Rs 600 crore in developing a data centre campus with an IT capacity of 18 MW. A Singapore-based corporation has picked a roughly three-acre land near Noida for the purpose of developing a data centre facility.
The second phase would see the establishment of a 36 MW IT load data centre at a cost of Rs 500 crore. After the second phase is completed, the project is planned to generate approximately Rs 1,100 crore in investment and provide direct and indirect employment for approximately 80 people.
The projected data centre campus will serve major cloud service providers, data centre operators, and significant corporations. The UP government has emphasised the importance of developing a data centre in this direction. Data storage will grow in the next years, necessitating the construction of enormous cloud data centres. In light of this, Noida’s projected data centre could play a significant role.
Due to its closeness to an industrial region and Delhi, the projected data centre facility in Noida will benefit from worldwide connectivity. There is a distinct advantage to locating a data centre in Noida. Noida is located in close proximity to the national capital of Delhi. Jewar will soon have an international airport.
The IT industry’s network is extensive throughout Noida. In this environment, Noida is establishing itself as the hub for large data centres in North India. The data center’s new campus will aide in this effort much more. Once the data centre complex is complete, it will be able to serve major cloud companies, hyperscalers (providers of cloud computing services), and huge enterprise clients.
According to the Information Technology and Electronics Department, the state government’s information technology policy is attracting domestic and global investment. Under the UP Electronics Manufacturing Policy-2017, the state reached its investment objective of Rs 20,000 crore in three years through investments by around 30 investors and the creation of more than three lakh employment.
All of this is feasible as a result of Chief Minister Yogi Adityanath’s IT strategy, which aims to boost investment in the IT sector and assigns officers the job of resolving issues faced by businesspeople seeking to engage in the sector.
Additionally, the Noida, Greater Noida, and Yamuna Express sectors of the National Capital Region have been designated as “Electronics Manufacturing Zones” to stimulate electronics investment in the state. As a result of the Chief Minister’s aforesaid measures, numerous reputable Chinese, Taiwanese, and Korean enterprises have expressed an interest in establishing operations in UP. An internationally renowned corporation is now developing an Electronics Manufacturing Cluster in Greater Noida on a 100-acre plot of land.
Numerous well-known corporations in the city will establish branches. According to senior IT industry executives and IT department officials, the State’s Electronics Manufacturing Policy-2017 has established the Noida, Greater Noida, and Yamuna Expressway sectors as the country’s electronics manufacturing hubs.
