UP invites investment for Lucknow IT park

June 14th, 2012 - 6:03 pm ICT by IANS  

Lucknow, June 14 (IANS) The Uttar Pradesh government Thursday stepped up efforts to bring the state on the IT map of India and asked the industry to invest in a software technology park here being developed at an estimated cost of Rs.285 crore (50 million USD).

The Lucknow Industrial Development Authority (LIDA) decided to invite expression of interest (EoI) for selection of anchor investor to develop the information technology park at Lucknow on public-private partnership (PPP) basis, in line with Chief Minister Akhilesh Yadav’s announcement of providing “business enabling environment” in UP.

After a meeting of board of directors, Infrastructure and Industrial development Commissioner (IIDC) Anil Kumar Gupta said that the IT Park equipped with cutting-edge edge technology and apartments based on ‘walk to office’ concept will be developed through public-private mode.

Clarifying the concept of internal commercial and residential facilities proposed inside the IT Park, IIDC said that along with official space, service apartments would be built that would be leased exclusively to employees of IT businesses set up there.

Officials said the IT Park would be an all inclusive with IT towers, conference and banking facilities, restaurants, kiosks, guest houses, waiting/transit areas, travel services, power subs-station, export related facilities, training centres and health clubs among others.

The IT Park is proposed to be developed in a land area of approximately 1,30,000 square metre.

Anchor investor would be selected by a ‘developer selection committee’ on the basis of minimum criteria stipulated for this purpose.

Selected developer would be required to develop the IT Park on design, build own, operate, transfer (DBOOT) model after approval of the design by LIDA, so as to attract top-grade IT companies and business on board.

It is proposed that park would be leased to the developer for a period of 30 years, which would may be extendable to another 30 years.

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