Tech giants channeling investments into UP

| | Lucknow
  • 0

Tech giants channeling investments into UP

Wednesday, 28 February 2024 | PNS | Lucknow

To bring Uttar Pradesh on par with Bengaluru and Hyderabad in the field of technology, the Yogi Adityanath government is fostering significant investments in the sector in the state, especially in the Data Centre Park and Artificial Intelligence. Consequently, several tech giants, such as NIDP Developers, Tata Technologies, STT Global Data Centre, and Jackson Limited, are channeling investments into the state.
Notably, through GBC@IV, Prime Minister Narendra Modi launched projects worth more than Rs 90,000 crore in the IT and electronics sector of UP recently. This constitutes over 8 per cent of the total projects worth Rs 10 lakh crore implemented through the ground-breaking ceremony.
Yotta Data Services, under Hiranandani Group, is investing Rs 30,000 crore to establish a high-capital data centre park, expected to generate employment for 2,160 individuals.
Similarly, STT Global Data Centres India Pvt Ltd is investing Rs 1,850 crore in setting up a data centre, creating job opportunities for 160 people. This investment encompasses infrastructure construction and operation, contingent upon demand, policy support, and feasibility.
In addition, Web Works is currently in the process of establishing a state-of-the-art data centre in Noida with a significant investment of Rs 500 crore. The project will create employment opportunities for 220 individuals.
Engineering company Jackson Group is also establishing a data centre park in the Yamuna Expressway Industrial Development Authority (YEIDA) region.
This project, valued at Rs 1,560 crore, will provide employment for 250 people. The company is primarily engaged in the manufacturing and sale of diesel generator sets and solar PV modules. Jackson Group oversees four key business sectors in India, namely Power Generation and Distribution, Solar, EPC, and Defence.
Bringing the Artificial Intelligence (AI) revolution to Uttar Pradesh, Addverb Ecotech is investing Rs 500 crore to set up a facility in Greater Noida to develop automated robots and material handling technologies.
This project is aimed at creating employment for 2000 individuals. Similarly, Dixon Technologies, a leading Indian multinational electronics manufacturing services company, is investing Rs 650 crore to establish an electronics/mobile manufacturing facility in Sector-151, Noida. This project is expected to generate approximately 4,000 jobs.
Additionally, Tata Technologies is establishing nearly 150 government ITIs with an investment of Rs 4,174 crore in Uttar Pradesh, which will generate 450 jobs. Apart from these, various groups such as Balaji IT Parks Pvt Ltd, Eka Electronics India Pvt Ltd, Zet Town India Pvt Ltd, Jworld Electronics India Pvt Ltd, Open Advanced Technology LLP, Mountain View Technologies Pvt Ltd, Mahavir Transmission Pvt Ltd, Highflow Industries Pvt Ltd, Westway Electronics Ltd, Busung Tape and Film India Pvt Ltd, Capital Power Systems Ltd, and Paytm are also making significant investments.

Sunday Edition

Lighting up the Holiday Spirit

22 December 2024 | Abhi Singhal | Agenda

Unwrapping Festive Flavours

22 December 2024 | Team Agenda | Agenda

Plates that teleport to Iran

22 December 2024 | Team Agenda | Agenda

Winter Wonderland

22 December 2024 | Team Agenda | Agenda

Savour the Spirit of Christmas!

22 December 2024 | Divya Bhatia | Agenda

A Paw-some Celebration of Pet Love

22 December 2024 | SAKSHI PRIYA | Agenda