As a pivotal step towards the ambitious goal of transforming Uttar Pradesh into a one-trillion-dollar economy, the green signal has been given for the development of an Artificial Intelligence (AI) city in the Nadarganj area, solidifying Lucknow as the emerging IT hotspot of the country.
A comprehensive action plan has been formulated for the establishment of an AI city in Lucknow, and the implementation process has been initiated by UP Electronics Corporation Limited (UPLC).
To facilitate this initiative, UPLC has called for applications through Expression of Interest from prominent real estate developers and agencies in accordance with the UP Electronics Manufacturing Policy (UPEMP) for the design, development, and operation of the project.
The IT and Electronics department has identified a 40-acre land parcel, owned by the Department of IT and Electronics, as a potential development site for the project. Situated in the Nadarganj Industrial area, the land holds a prime location, approximately 3 kilometres away from Lucknow International Airport.
Under this project, the groundwork will be laid for the construction of Grade-A certified commercial space, state-of-the-art data centers, Grade-A flexible workplaces, and tech labs for IT companies. Simultaneously, the path will be paved for the development of numerous world-class amenities, encompassing luxury and affordable residential complexes, recreation areas, green spaces, along with commercial zones.
In addition to land, developer companies will receive financial assistance through financial incentives, including a one-time capex support of 25%, amounting to Rs 20 crore for IT Park, and capex support of up to Rs 100 crore for IT City.
Simultaneously, according to IT and ITES Policy 2022, 100 per cent stamp duty exemption, non-financial assistance will also be provided for lease rental, cloud service cost, electricity charges and bandwidth expenses.
The developers will develop prestigious state-of-the-art infrastructure in AI City by building Grade-A LEED certified offices based on ‘plug and play’ infrastructure. There will also be the development of a tower with grade-A office space for incubators, startups and corporates, a dedicated area for AI testing and prototyping facilities that will provide space for research centres and top technology educational institutions. The developers who will be given preference for this work will have an annual turnover of more than Rs 1,000 crore.
