The Uttar Pradesh government has approved proposals to set up four data centre parks with an investment of over Rs 15,950 crore in the state.
The state cabinet chaired by Chief Minister Yogi Adityanath approved the proposal in its meeting. Under the Data Center Policy 2021, proposals of various investors to set up four data centre parks with an investment of more than 15,950 crores have been approved. This will provide employment to about 4,000 people directly or indirectly, according to reports.
The state cabinet approved non-financial incentives to NIP Developers Private Limited and financial and non-financial incentives to three other investors Adani Enterprises Limited Project-1 and Adan Enterprises Limited Project-2 and NTT Global Data Centers and Cloud Infrastructure India Private Limited.
The report further added that under the data centre policy, parks and units are given capital subsidy, interest subvention, stamp duty exemption on purchase or lease of land and various other non-financial incentives apart from energy-related financial incentives. In another important decision taken in the meeting, it was also decided to make the state a hub of aircraft repair.
In the year 2021, the Uttar Pradesh cabinet had given its nod for a data centre policy, as the state looks to attract more investments and comply with the data localisation push advocated by the Indian government.
Around thirteen companies, including domestic and international firms, have expressed their interest in setting up data centres in the Indian state of Uttar Pradesh in Noida, with an investment of about Rs 22,000 crore.