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Noida The New IT Hub: Adani To Invest Rs 2,400 Cr In Setting Up Largest Data Centre



Noida The New IT Hub: Adani To Invest Rs 2,400 Cr In Setting Up Largest Data Centre

NOIDA: The Noida Authority announced that Adani Enterprises has been granted over 34,000 square metres of land in order to build a data centre with an investment of approximately Rs 2,400 crore.

The land has been allotted in the city’s commercial Sector 62, and the project is expected to employ 1,350 people, according to a statement from the authority. Noida is one of several locations across the country where Adani Enterprises is establishing data centres.

The Adani Group announced that it has purchased land in Noida to build “one of the largest data centres” in the country.

“Two land plots have been allotted this week as part of the Uttar Pradesh government’s objective to encourage investment in the state in information technology (IT) and information technology-enabled services (ITES), and spur employment,” the Noida Authority said.

“Adani Enterprises has been given 34,275 square metres of land in Sector 62, where it plans to build a world-class data centre for Rs 2,400 crore. The project would create 1,350 jobs and generate Rs 103.41 crore in revenue for the Noida Authority “it was added

The other land plot, measuring 16,350 square metres, has been allotted to MAQ India in Sector 145 for its IT projects, in which the company is expected to invest Rs 250 crore and employ approximately 2,500 people, according to the authority.

According to the statement, the authority will earn Rs 33.90 crore from the land allotment to MAQ India.

The Noida Authority recently adopted Uttar Pradesh’s data centre policy in order to make land more affordable for companies to set up data centres near the upcoming Jewar Airport.

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