The government of Uttar Pradesh is ready to develop a more than 200 acre data center park in Sector 28 of the Yamuna Expressway Industrial Development Authority (YEIDA) in Gautam Budh Nagar district. The implementation of this plan will begin by the end of the month.
According to government officials, in addition to prioritizing land allocation to proposals for data centers with a capacity of 40 MW, the government will also provide a subsidy of up to 60% on the loan taken out by Investors. In addition, a 25% subsidy will be given for the purchase of land, and companies investing for the first time will benefit from a 100% exemption from stamp duty, while companies installing second units will benefit from ‘a 50% discount.
According to officials of YEIDA, 30 giants of the computer industry, in India and abroad, plan to create units with an investment of Rs 20,000 crore in the park.
There has been an increase in demand for land in Noida and Greater Noida for data centers. Leading companies like Microsoft, Adani Group and MAQ recently bought land to set up data centers in Noida. HCL, Google and TCS have already established themselves in Noida, while Hiranandani Group, Netmagic Services, STT and Aggarwal Associate are in talks with the government to set up their own data centers.
While Microsoft’s software park and data center, worth 1,800 crore, covers 60,000 m² of land allocated by the Noida Authority in Sector 145, MAQ India has been awarded a 16,350 m² land in sector 145. The company will invest Rs 250 crore.
Likewise, Noida Authority has allocated 34,275 m² to Adani group in sector 62 and 39,146 m² to Adani Enterprises in sector 80. The company proposes to set up a world-class data center on this land at a cost of Rs 2,500 crore.