NOIDA: Two prime plots in Sector 154, initially designated for a data centre, are likely to be reallotted to the IT and IT-enabled services (ITES) sector after Noida Authority‘s two unsuccessful attempts to attract investors. The proposal was presented at the board meeting on Saturday and approved.
In 2022, on the heels of the Global Investor Summit, the land parcels, spanning over 29,000 sqm, was offered for setting up data centre units under the UP data centre policy, 2021.
The Authority expected to draw in both national and international investors for data centre projects in the region, capitalising on the growing global need for data storage solutions fuelled by emerging technologies like artificial intelligence (AI) and cloud computing. However, the plots did not attract any applications. A second round too failed to get bidders.
According to Authority officials, over the past two years, national and multinational companies have shown a greater interest in IT/ITES. A recent intra-department report too, highlighted Noida’s rapid growth in the sector over the past two decades and noted that numerous IT/ITES companies set up operations in the region, contributing significantly to revenue and employment.
Based on the demand and market trends, the Noida Authority board approved the decision to reallot the plots under the IT/ITES category.
Before adopting the data centre policy in its 208th meeting on Dec 28, 2022, the board had designated these plots for IT/ITES sector.
