NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) is set to establish its first software technology park in Sector 28. The park, which will span 100 acres, will cater to IT/ITeS companies.
On Sept 11, during the inauguration of the three-day Semicon 2024 event in Greater Noida, chief minister Yogi Adityanath announced that the IT sector would be granted industry status. This will allow IT companies access to a range of benefits, including reduced plot rates and lower electricity tariffs, which are currently only available to the industrial sector.
The move is expected to bridge the gap between IT and industrial sectors and meet a long-standing demand from the Noida Entrepreneurs Association and related organisations.
The proposed IT park will feature 10 plots, each measuring 2.5 acres. YEIDA is currently in discussions with major Indian IT companies — including Infosys, TCS, and Wipro — for setting up operations.
According to YEIDA CEO Arun Vir Singh, the development of the software park will address a critical gap in the region’s industrial offerings. “The layout plan for the Software Park was approved by the YEIDA board on Thursday. Discussions are underway with major Indian IT companies such as Infosys, TCS, and Wipro for setting up operations. The development of this software park fills a missing link in the YEIDA region’s industrial offerings,” the CEO said.
The allotment process for these plots was discussed during a review meeting led by chief minister Adityanath in Aug, CEO Singh added. At the meeting, it was decided that plots larger than 8,000 sqm will likely be allotted through an interview-based process, while smaller plots may be allotted through e-auctions. A govt order on this process is awaited.
In addition to the IT park, YEIDA has approved a reduction in plot sizes for mixed-use land development in Sectors 24 and 24A.
Plot sizes have been reduced from 10 acres to 2.5 acres in response to a decline in applications for larger plots in recent years. These mixed-use plots will integrate core industrial or institutional activities with residential and commercial facilities.
YEIDA is also set to launch a scheme of 20 mixed-use land plots during the upcoming Navratri festival. These plots will allocate 75% of the land for core activities such as industry, business, or institutions, 12% for residential use, 8% for commercial purposes, and 5% for essential facilities like housing, malls and food plazas.
