U.P. approves robotics park and AI hub in Greater Noida

To be developed across approximately 69.52 acres, the park will play a key role in providing integrated facilities for robotics companies, technology start-ups, research institutions and industries, according to the U.P. government.

The Uttar Pradesh Cabinet on Tuesday approved the establishment of a robotics and artificial intelligence (AI) park in Greater Noida spread over 69.52 acres, estimated to generate more than 1 lakh direct and indirect jobs and add ₹2,000 crore annually to the State’s economy.

“In a major step towards establishing Uttar Pradesh as a leading hub for advanced technology, industrial innovation and robotics manufacturing, the Cabinet, chaired by Chief Minister Yogi Adityanath, on Tuesday approved a proposal to set up PRAGATI (Platform for Robotics and AI Growth Through Technology and Innovation) Park in Greater Noida. To be developed across approximately 69.52 acres, the park will play a key role in providing integrated facilities for robotics companies, technology start-ups, research institutions and industries,” read an official statement issued by the State government.

State Finance Minister Suresh Kumar Khanna said, “The project aims at promoting indigenous robotics manufacturing in the State, accelerating the development of AI-based technologies, and creating a conducive ecosystem for investment and research in the robotics sector. At full scale, the project is expected to generate more than one lakh direct and indirect jobs and contribute an annual GVA of approximately ₹2,000 crores to the State’s economy.”

“The PRAGATI Park will be developed in two zones. Eight acres have been earmarked for Zone 1, which will be developed and operated through a SPV constituted under the Public-Private Partnership (PPP) model. The Greater Noida Authority will hold a 26% equity stake in the SPV while the selected industrial partner will hold the remaining 74%. A total of 61.52 acres will be reserved for Zone 2, where private enterprises will invest in developing industrial units and related activities. The State government will have no capital liability for the development of this zone,” the statement read.

The Greater Noida Authority will contribute ₹21.1 crore in equity towards the development of Zone 1. “In addition, the State government will provide an interest-free loan of ₹126.2 crore for a period of 30 years. As per the prescribed arrangement, the lease premium for the eight-acre plot will be reimbursed to the authority through the State government’s IT and Electronics Department. For Zone 2, the SPV will receive a service fee equivalent to 5% of the revenue generated from land allotment development charges, along with applicable GST,” the government stated.