The Uttar Pradesh has reportedly approved a data centre policy in an effort to give a boost to proposals for setting up data centres in the state. This goal is in line with the centre’s push for localising storage of data.
Further, the policy aims at bringing in investment worth Rs 200 billion.
The policy has come in the backdrop of increased interest being shown by various players to set up data centres in UP. Earlier in 2020, the UP government had allotted land to Yotta Infrastructure that will be investing Rs 70 billion in the Greater Noida region. Likewise, NTT India too recently got allotted six acres of land in the Greater Noida region for bringing up 70 MW of capacity data centre. Moreover, STT Global Data Centres India has also shown intent to develop 18 MW data centre with an investment of Rs 6 billion in Noida.
The policy aims at developing 250 MW of data centre industries in the state and setting up at least three modern private data centre parks. As per the terms of the policy, investors will be given provisions dealing with capital, interest rate, subsidies on land procurement, as well as non financial incentives. Special incentives will also be provided for proposals coming to the backward regions of Bundelkhand and Purvanchal.