In an effort to bolster its position as a leading investment destination, particularly in the IT and electronics sectors, the Uttar Pradesh government is all set to unveil a slew of ambitious projects at the upcoming Ground-Breaking Ceremony on February 19, 2024. The ceremony, which would be inaugurated by Prime Minister Narendra Modi, will showcase 60 mega projects, which would collectively attract an impressive investment of Rs 91,456.89 crore and provide employment opportunities for 81,424 individuals. These initiatives in IT and ITes sectors are poised to reshape the technological landscape of the State, propelling innovation and economic growth to new heights, a media release from the Uttar Pradesh government has said.

According to information from the Department of IT and ITes, among the big-ticket investments is Noida Data Center Park that is being set up by NIDP Developers. Situated in Gautam Buddha Nagar, the project will come up with an investment of Rs 30,000 crore on 20 acres of leased land of the Greater Noida Industrial Development Authority and would provide employment for 2,160 individuals.

Another notable project that is coming up in Gautam Buddha Nagar, in Yamuna Expressway Industrial Development Authority area (YEIDA) is TARQ Semiconductors. The project would focus on manufacturing integrated compound semiconductors GaN Epi, fabrication and assembly, with an investment of Rs 28,440 crore. The project is anticipated to generate employment for 1,000 individuals.

Parallelly, Sify Infinit Space will be setting up two projects with a cumulative investment of Rs 19,000 crore. One of its projects would be a new-age horizontal data centre and would entail an investment of Rs 11,000 crore, while the other project would develop critical IT infrastructure in the data centre sector, with a phased investment of Rs 8,000 crore. Both the projects are coming up in Gautam Buddha Nagar and would offer employment opportunities for 300 professionals each.

The Uttar Pradesh government, headed by Chief Minister Yogi Adityanath, has been working on making the State a vibrant hub for IT and electronics sector. During the Global Investment Summit in February 2023, the State had received 321 investment proposals worth Rs 5,29,472.52 crore in IT and electronics sector, of which as many as 60 projects worth Rs 91,456.89 crore have been cleared for going on stream within a year.