UP Plans to Transform Lucknow Into AI City

- Advertisement -
- Advertisement -

Aimed at transforming the state into a $1 trillion economy, the project has government backing of 40 acres in Nadarganj Industrial Area, free of any encumbrances.

India’s largest state, Uttar Pradesh, has planned to establish India’s first AI city in Lucknow, aimed at nurturing and promoting the AI ecosystem. An Expression of Interest (EoI) has been issued by UP Electronics Corporation Ltd., the project’s nodal agency, inviting a real estate developer to construct and operate the AI city. 

The plan includes integrating advanced technology, research centers, and educational institutions to create a vibrant hub where ideas thrive and future talent is developed. The real estate developer is expected to build office infrastructure with plug-and-play facilities and a tower offering Grade A office space for incubators, start-ups, and corporations.

- Advertisement -

The government is backing this project robustly, providing 40 acres in Nadarganj Industrial Area, free of any encumbrances. This support extends to land acquisition, zoning regulations, and other necessary clearances. Financial incentives are also part of the support, including one-time capital expenditure support and 100% stamp duty exemption as outlined in the IT and ITeS Policy, 2022.

The AI City is envisioned to include a mix of luxury and affordable residential complexes, endorsing a walk-to-work model. It will also feature dedicated spaces for top engineering and management institutes to foster industry-academic collaboration and AI-enabled internal transportation.

This project is a key component of the Uttar Pradesh government’s goal to transform the state into a $1 trillion economy over the next five years. IT and ITeS sectors are identified as central to this economic drive. It aligns with the growing global AI market, which, according to a report by Grand View Research, stood at $137 billion in 2022 and is expected to grow at a compound annual growth rate of 37.3% from 2023 to 2030.

Lucknow is already home to Centers of Excellence in areas like AI and MedTech, with significant AI integration. The AI Center of Excellence (COE) at IIIT Lucknow supports over 15 AI/ML start-ups, fostering a culture of innovation and entrepreneurship.

Home to major IT players like HCL and TCS, Lucknow’s ecosystem is supported by a skilled workforce, numerous tech professionals, STEM graduates, and over 300 colleges. These include prestigious institutions like IIM-Lucknow and IIIT-Lucknow, contributing to the city’s appeal as a budding AI and technology hub.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Six Steps To Building Better Business Assets

0
In the journey of asset-building, solving good problems trumps battling bad ones. Dive into six essential steps for building and leveraging effective assets—the game-changer...

India’s Solar Capacity Installation Down By 44.1%, Delayed Projects To Add To 2024 Installations

0
Large-scale solar installations saw a notable decline of 50.8% YoY to 5.8 GW from 11.7 GW in 2022, constituting 77.2% of the annual capacity...

Infineon Technologies Sells Manufacturing Sites To ASE

0
This strategic move aims to balance in-house and external manufacturing for profitable growth, leveraging mutual synergies between the companies to drive industry growth and...

Buzz

GlobalFoundries and Qualcomm

Qualcomm Doubles Investment In India, Plans To Invest $1Bn

0
Qualcomm has the largest number of engineers working out of India, with nearly 17,000 of its global workforce of around 40,000 based in the...

Nasdaq Welcomes Lotus Tech With Modest Rise Post SPAC Deal

0
Lotus Technology's Nasdaq debut sees a 2% share increase post-merger with L Catterton-backed SPAC, marking a $7 billion valuation amidst a challenging EV market...

Log9, Trinity Cleantech Team Up for Interoperable Charging Network

0
They aim to lead the way in advancing Type 6 fast chargers, the next-gen standard for speed and convenience. Trinity's Thunder Platform will integrate...

Important Sectors

Nasdaq Welcomes Lotus Tech With Modest Rise Post SPAC Deal

0
Lotus Technology's Nasdaq debut sees a 2% share increase post-merger with L Catterton-backed SPAC, marking a $7 billion valuation amidst a challenging EV market...

Log9, Trinity Cleantech Team Up for Interoperable Charging Network

0
They aim to lead the way in advancing Type 6 fast chargers, the next-gen standard for speed and convenience. Trinity's Thunder Platform will integrate...

BYD YangWang U9 Debuts at $236,000: 0-100 km/h in 2.36s, LFP Battery

0
BYD Co. launched its priciest vehicle, a fully-electric supercar costing 1.68 million yuan ($233,450), on Sunday, competing with gas-powered counterparts from brands like Ferrari...

IndiGrid Acquires 300 MW Solar Plant, Exceeds 1 GWp Capacity

0
With this transaction, IndiGrid's solar portfolio has surpassed the 1 GWp capacity mark. This addition to the asset base is expected to contribute...

VinFast Seeks 2-Year Cut In India EV Import Duties Amid Plant Construction

0
Similar to Tesla, VinFast has also sought a reduction in India's 100% import duty on fully assembled EVs. VinFast has approached the Indian government to...

Manufacturing

GlobalFoundries and Qualcomm

Qualcomm Doubles Investment In India, Plans To Invest $1Bn

0
Qualcomm has the largest number of engineers working out of India, with nearly 17,000 of its global workforce of around 40,000 based in the...

Applied Ventures Funds VVDN Technologies

0
The investment demonstrates Applied Ventures' dedication to promoting innovation, collaboration, and entrepreneurship within the semiconductor and electronics manufacturing sectors. Applied Ventures, LLC, the venture capital...

Haryana EV-CO To Manufacture L3, L5 EVs At New Plant

0
The EV maker is self-funded and operates a modern manufacturing facility with cutting-edge technology and equipment. It specializes in producing two and three-wheelers, with...
Sona Comstar

Sona Comstar: First Indian Auto Supplier With PLI Certification

0
Sona Comstar, a leading EV traction motor manufacturer in India, receives PLI certification for its electric two-wheeler traction motor. Sona BLW Precision Forgings, commonly known...

Indian Manufacturers To Get Chinese Mobile Production Orders

0
Dixon has secured an order from Oppo for making phones, with an order size of around 5-6 lakh units per month.  Chinese firms have finally...