UP govt proposes setting up data centre park in YEIDA

The Uttar Pradesh government is all set to develop a data centre park over 200 acres in Sector 28 of the Yamuna Expressway Industrial Development Authority (YEIDA) in Gautam Budh Nagar district. The implementation of this plan will get under way by month-end.

According to government officials, apart from giving priority in land allotment to proposals for data centres with a capacity of 40 MW, the government will also provide a subsidy of up to 60% on the loan taken by investors. Besides, a 25% subsidy will be given for land purchase, and first-time investor companies will get 100% exemption from stamp duty, while firms setting up second units will get a discount of 50%.