13 land parcels will be up for e-auction by the Greater Noida Authority, which anticipates investments of 20,000 crore rupees. Surprising

13 land parcels will be up for e-auction by the Greater Noida Authority, which anticipates investments of 20,000 crore rupees.

The Greater Noida Industrial Development Authority (GNIDA) has recently introduced a land allotment scheme for data centres, aiming to attract investments and boost job creation in the region. The authority anticipates investments worth Rs 20,000 crore, leading to the creation of 10,000 jobs. Through the scheme, GNIDA plans to earn revenue of Rs 1,000 crore by allotting 13 land parcels.

The land allotment scheme for data centres was launched by GNIDA on Tuesday. The authority believes that this initiative will not only attract significant investments but also contribute to the economic growth of the region by generating employment opportunities. GNIDA has stated that the revenue from the allotment of the 13 land parcels will amount to Rs 1,000 crore.

The land parcels earmarked for data centres are situated in two different sectors. Two plots are located in Sector Knowledge Park-5, while the remaining 11 plots are situated in Sector Techzone. These plots range in size from 4047 square metres to 1.07 lakh square metres. The varied sizes of the plots allow for flexibility in accommodating data centre infrastructure of different scales.

To ensure transparency and fairness in the allocation process, GNIDA has decided to conduct the allotment through e-auction. This approach aims to attract the most suitable and competitive bids for the land parcels, maximising potential investment and employment opportunities. GNIDA expects that if all 13 plots are successfully allotted, it will attract investments of approximately Rs 20,000 crore. Furthermore, the authority estimates that this investment will, directly and indirectly, create job opportunities for around 10,000 individuals.

The launch of the land allotment scheme for data centres highlights GNIDA’s proactive efforts to capitalise on the growing demand for data infrastructure and technology services. Data centres play a vital role in supporting various digital activities, including cloud computing, data storage, and processing. With the rapid digitalization of various industries and the increasing adoption of emerging technologies such as artificial intelligence and the Internet of Things, the demand for data centres has been steadily rising.

By providing the necessary infrastructure and land parcels for data centre development, GNIDA aims to position itself as a preferred destination for companies and investors looking to establish or expand their data centre operations. The availability of suitable land parcels, coupled with the region’s favourable business environment and connectivity, makes it an attractive proposition for companies seeking to leverage the potential of the data economy.

The economic benefits associated with data centres extend beyond the initial investments and job creation. Data centres also have a multiplier effect on the local economy. They require a range of supporting services and infrastructure, such as power supplies, cooling systems, telecommunications networks, and skilled IT professionals. The establishment of data centres in the region will drive demand for these ancillary services, leading to further economic development and employment opportunities.

Furthermore, data centres contribute to the overall digital ecosystem and support the growth of other industries. They provide the necessary infrastructure for companies to store and process vast amounts of data, enabling them to analyse and derive valuable insights. This, in turn, facilitates innovation, enhances decision-making processes, and drives business growth across various sectors.

GNIDA’s land allotment scheme for data centres aligns with the Indian government’s vision of transforming the country into a global digital hub. The government has launched several initiatives and policy frameworks to promote digital infrastructure development, such as the National Digital Communications Policy and the Data Centre Policy. These initiatives aim to attract investments in the data centre sector, facilitate the growth of digital services, and create a conducive environment for technology-driven innovation.

In conclusion, the launch of the land allotment scheme for data centres by GNIDA signifies a significant step towards harnessing the potential of the data economy. The scheme aims to attract substantial investments and generate employment opportunities in the Greater Noida region. By leveraging the demand for data infrastructure, GNIDA seeks to position itself as a leading destination for data centre development, contributing to the growth of the digital ecosystem and supporting the overall economic development of the region.

The Greater Noida Authority has announced a new scheme aimed at attracting investors to the region and promoting it as a burgeoning data centre hub. The scheme offers investors the opportunity to acquire plots through a registration process. According to Ritu Maheshwari, CEO of the Greater Noida Authority, the scheme has generated significant interest among potential investors who have been impressed by the region’s infrastructure and connectivity.

To participate in the scheme, interested individuals or organisations were required to complete the registration process by July 4. The processing fee had to be submitted by July 6, and the deadline for document submission was set for July 8. The entire process, including accessing the necessary information, could be completed online through the web portal of the Greater Noida Authority or the State Bank of India.

The details of the scheme, including its terms and conditions, were made available in a brochure that was uploaded on the websites of both the Greater Noida Authority and the State Bank of India. This ensured that potential investors had easy access to all the relevant information required to make informed decisions about participating in the scheme.

Greater Noida has been experiencing rapid growth as a data centre hub, and the scheme aims to capitalise on this trend by attracting investors to contribute to the region’s development. The availability of robust infrastructure and reliable connectivity have been cited as major factors driving investor interest. By acquiring plots through this scheme, investors can tap into the region’s potential and make substantial investments in the growing data centre industry.