Picture for representational purpose only.

GREATER NOIDA: Electronic companies from China and Taiwan are planning to establish Ecotex-6 in Greater Noida with an investment of Rs 5,000 crore. This cluster would be part of the second ground-breaking ceremony to be held in Lucknow on July 28. In all, the ceremony would cover projects worth over Rs 60,000 crore out of which Rs 54,000 crore are in IT and telecom sector, most of them in the NCR .

With multinational software development and mobile telecommunications firms coming up with big-ticket investment in Uttar Pradesh , the state is all set to become a key supplier of software technology supplier to the world, says an officer of the Infrastructure and Industrial Development Department .

The state is expecting another Rs 12,597 crore of investment from companies like Samsung, Vivo and Haier, over and above Rs 41,550, which was promised in last July during the first ground-breaking ceremony. If one adds the total investment that arrived in the first ground-breaking, the state now has an assured investment about Rs 1.22 lakh crore. All these projects were part of investment worth Rs 4.28 lakh crore pledged during the investors' summit held in February last year.

The investment will also create thousands of jobs as only Infosys expects to hire over 5,000 software development professionals once its infrastructure is ready in the sprawling 27 acres of land in Noida, which the government has earmarked for the IT giant, said a senior official in the department of Infrastructure and Industrial Development.

"The ground-breaking ceremony-II will bring in over Rs 60,385 crore of investment in various sectors. It will help create direct employment for over 60,000 youths,” said Rajesh Kumar Singh , principal secretary, Infrastructure and Industrial Development.

Apart from NCR, an IT City is also coming up over 100 acre campus in Lucknow with an investment of around Rs 1,500 crore. The ambitious project will be based on the PPP model. Employment for over 25,000 is expected to be generated through the project, said an industries department official.

In order to promote start-ups, the state government has set up around 17 incubators in various IITs. “Clearly, UP has come a long way in building investors’ trust by successfully building ‘ease of doing business’ processes and creating conducive environment for the businesses to flourish,” said Singh.

