UP gives green signal to Hiranandani Group’s proposed Rs 600-crore data center in Greater Noida

The Mumbai-based Hiranandani Group is developing the state’s first data center in an area spread across 20 acres and at a cost of Rs 600 crore, according to reports.  The developer first approached the UP government to set up a data center in the state three weeks back and owing to the size of the proposed investment, it was fast-tracked by the state administration. 

A government spokesperson quoted in a Times of India report said the Hiranandani group had completed similar projects in Chennai, Mumbai, and Hyderabad as well. The state government has received proposals for projects worth Rs 10,000 crore from companies such as Adani Group, RackBank, and Earth Company.      

CM Adityanath directed the officials to provide land for the high-profile project at the earliest and said the project will generate employment opportunities in the area and give a boost to IT companies that are set to come up in the nearby areas around the data center. The state government also said it will ensure an uninterrupted power supply through the ‘open access scheme’ for the data center once it’s completed. Such data centers are crucial for keeping the country’s data within its borders, it added. 

Uttar Pradesh has seen increased investor interest off-late, the state even catapulted itself to number two position in Business Reform Action Plan (BARP) 2019-Ease of Doing Business ranking.

“UP has jumped from the 12th position in Business Reform Action Plan (BRAP) 2017-18 to the second position in BRAP 19. UP has left behind several leading states such as Gujarat, Telangana, Rajasthan, Maharashtra etc in the EoDB annual rankings,” said a state government spokesman on the development.

State Cabinet Minister Sidharth Nath Singh said the state came up with new policies with a focus on ‘ease of doing business’ particularly in food processing, electronics, textiles, and pharmaceutical sectors. The minister added that red tape is being replaced by red carpet and UP is now aiming for the top slot on the index.