Come 2015, Noida is set to get an IT landmark — an Infosys campus. Uttar Pradesh infrastructure and industrial development commissioner (IIDC) AlokRanjan said the IT giant was headed for Noida with an investment of Rs.1,354 crore. Land has already been allotted and the company is set to begin operations within a year.
“We had reserved 3,04,000 sq m of land for industrial development,” Ranjan said at a meeting with the Noida, Greater Noida and Yamuna Expressway authorities. “We expect the industries coming here to generate nearly 40,000 jobs and bring investments worth Rs.28,000 crore,” Ranjan said. “This will not only improve infrastructure but also improve industrial growth in the state.”
The investments in Sector 85 are likely to translate into 25,000 jobs, Ranjan added.
Infosys has been allotted 1,00,000 sqm of the earmarked land. “The allotment process is almost complete. We had conducted an interview with Infosys and found their presentation up to the mark,” the chairman of the three authorities, Rama Raman, said. “The value of the land allotted to Infosys is Rs 100 crore while the cost of the total 3,04,000 sq m is Rs.2,600 crore.”
Besides Infosys, 14 others will be allotted land on the industrial plot. In all, 37 companies had sent in applications. Those approved include JDS Apparels (Ritu Wears), Kent, Havells, Mothersons and National Buildings Construction Corporation Ltd (NBCC).
“Talks are on with IBM, Samsung and other companies that are keen to invest in UP. We expect talks to materialize over the next few months,” Raman said.
Interestingly, the IT giant’s move to Noida comes four days after chief minister Akhilesh Yadav green signalled a refurbished security setup for Gautam Budh Nagar. Poor law and order has been a major concern for even domestic investors setting up industries in the region. No foreign company has set up base in Greater Noida over the past 12 years.
“We had reserved 3,04,000 sq m of land for industrial development,” Ranjan said at a meeting with the Noida, Greater Noida and Yamuna Expressway authorities. “We expect the industries coming here to generate nearly 40,000 jobs and bring investments worth Rs.28,000 crore,” Ranjan said. “This will not only improve infrastructure but also improve industrial growth in the state.”
The investments in Sector 85 are likely to translate into 25,000 jobs, Ranjan added.
Infosys has been allotted 1,00,000 sqm of the earmarked land. “The allotment process is almost complete. We had conducted an interview with Infosys and found their presentation up to the mark,” the chairman of the three authorities, Rama Raman, said. “The value of the land allotted to Infosys is Rs 100 crore while the cost of the total 3,04,000 sq m is Rs.2,600 crore.”
Besides Infosys, 14 others will be allotted land on the industrial plot. In all, 37 companies had sent in applications. Those approved include JDS Apparels (Ritu Wears), Kent, Havells, Mothersons and National Buildings Construction Corporation Ltd (NBCC).
“Talks are on with IBM, Samsung and other companies that are keen to invest in UP. We expect talks to materialize over the next few months,” Raman said.
Interestingly, the IT giant’s move to Noida comes four days after chief minister Akhilesh Yadav green signalled a refurbished security setup for Gautam Budh Nagar. Poor law and order has been a major concern for even domestic investors setting up industries in the region. No foreign company has set up base in Greater Noida over the past 12 years.
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