IT and electronics up and running in Noida

Asia's Tech News Daily

vivo, electronics, manufacturing, infrastructure, startups, noida

Over the last few years, Noida has emerged as an important hub for IT firms, startups and electronics companies, rivalling Bengaluru and Hyderabad.

The city has attracted large technology firms like IBM, TCS, and Accenture as well as electronics majors like Samsung. Many more are in the pipeline.

Proximity to Delhi, good infrastructure, availability of talent and affordable cost of living along with a big boost from the Uttar Pradesh government for businesses have been some reasons for its rise in recent years.

Consider this: As per official government estimates, the number of mobile phone manufacturing units in the country has increased to over 250 now from just two in 2014.

vivo, electronics, manufacturing, infrastructure, startups, noida

Noida alone has attracted 90-plus handset manufacturing facilities.

Companies such as Oppo,

Vivo

, Samsung and Lava are some of the electronics majors that have set up large mobile manufacturing units in the region and are expanding further.

According to IT industry body Nasscom, there are 190 IT companies headquartered in Uttar Pradesh, employing between 3,00,000 and 350,000 people, with a significant number in Noida itself.

Apart from IT and electronics, Noida and Greater Noida are also emerging as a big hub for data centres.

Santhosh Kumar, vice chairman of Anarock group, told ET that the UP government’s efforts to attract investments are likely to bode well for both Noida and Greater Noida.

“The government has already proposed to make it simpler for companies/investors to acquire land within one kilometre of the state’s expressway. All these moves along with various infra projects including the Jewar international airport will ultimately benefit real estate markets in both Noida and Greater Noida,” he said.

While Bengaluru and Hyderabad were frontrunners in office leasing space in FY21, Noida commercial space also gained ground amidst the Covid-19 pandemic, Kumar added.

As per research by Anarock, the average monthly rentals for Grade A office space presently in Noida is around Rs 47 per square foot, whereas it is Rs 78 per sq ft across the entire national capital region.

The trends indicate that out of the total net absorption of Grade A office space in NCR, Noida’s share is rising – from 31% in FY20 to 39% in FY21.

In terms of new office completions as well, the city’s share has also risen in the period – from 24% in FY20 to nearly 30% in FY21.

“In fact, the pandemic has proved to be a boon for the city. Fairly affordable rentals, particularly in comparison to its immediate counterpart Gurugram, UP government’s favourable policies to attract businesses and investments, and the Haryana government’s move to reserve 75% jobs in the private sector for locals, have been the major factors favouring Noida,” he added.

Apart from the existing infrastructure, several upcoming projects in the region are expected to further increase the attractiveness of Noida, Greater Noida and Yamuna Expressway as a business destination.

Some of the marque projects that are under way and being spearheaded by the UP government are the upcoming international airport at Jewar, and a heliport in the public-private-partnership (PPP) mode, along with several other big-ticket projects such as a Film City, multi-modal logistics hub and international transport hub in Greater Noida.

After the government led by chief minister Yogi Adityanath unveiled the Uttar Pradesh Electronics Manufacturing Policy-2017, Rs 20,000 crore worth of investments have been received in the IT sector from close to 30 big companies.

The government subsequently declared Noida, Greater Noida and Yamuna Expressway areas as ‘Electronics Manufacturing Zones’ to further boost investments in the region, given the increased interest from companies.

For instance, five foreign companies have come forward to invest in the integrated industrial Township coming up in Greater Noida. The companies include the likes of Haier Electronics, Formi Mobiles, Satkriti Infotainment, Chenfeng (LED company) and J World Electronics, and will invest more than Rs 3,700 crore in total.

The Greater Noida area has received investments worth Rs 26,530 crore in the past four and a half years. These investments have created jobs for 71,500 people, in which 40% local youth are also getting employment in 391 factories.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Mamata Banerjee may campaign for the civic poll in a stretcher: BJP leader

West Bengal Chief Minister Mamata Banerjee (Illustration: Moneycontrol) BJP leader Raju Banerjee courted controversy on November 27 by saying that West Bengal Chief Minister Mamata Banerjee may campaign for the coming ... Read more »

Joe Biden's ‘cure' is what ails us: Goodwin

President Biden has been touting his social spending bill. Carolyn Kaster/AP In the beginning, Build Back Better wasn’t just the most expensive piece of legislation ever. The multitrillion-dollar price tag ... Read more »

PM Modi seeks review of plan to relax global travel curbs

Prime Minister Narendra Modi on Saturday asked government officials to review easing of international travel restrictions, following the discovery of a new Covid-19 variant of concern. The directive came at ... Read more »

PM Narendra Modi to address the nation in 83rd edition of 'Mann Ki Baat' today

Prime Minister Narendra Modi will address the nation in the 83rd episode of his monthly radio programme ‘Mann Ki Baat‘ on Sunday. This will be the second last edition of ... Read more »

PM Narendra Modi says resolve with which Jal Jeevan Mission was started coming true

Prime Minister Narendra Modi tagged a tweet by Union Minister of Jal Shakti Gajendra Singh Shekhawat which included a video of a woman in Ladakh talking about how her life ... Read more »

Lottery Sambad Result November 28: 'Dear Bangasree Damodar' lottery winners to be announced at 4 pm

Results of the West Bengal State Lottery Sambad ‘Dear Bangasree Damodar’ are announced every Sunday at 4 pm. Lottery Sambad Result November 28: The West Bengal State Lottery Department will ... Read more »

S. Korea's exports of farm, fishery products top US$10 bln this year

SEOUL, Nov. 28 (Yonhap) — South Korea’s exports of agricultural and fishery goods exceeded the US$10 billion mark for the first time this year, led by the popularity of “hallyu,” ... Read more »

After setback from Covid-19, performance artistes saved by wedding bells

Singer-songwriter-music composer Zaman Khan of Hindi band Astitva has practically been living out of a suitcase for the last three weeks or so. Since November 10, Astitva and his project ... Read more »

Drugs-on-cruise: No evidence barring accused's own statement, court says in bail order

A special court here has said while granting bail to an accused in the drugs-on-cruise case that there was no apparent evidence that he was a peddler and had supplied ... Read more »

One lakh Assam government employees to fan out for Covid vaccination completion campaign

One lakh Assam government employees to fan out for Covid Vaccination Completion Campaign which will be undertaken from November 29 to December 5. During this period ministers, MPs and MLAs ... Read more »

UP plans shelters for 4,00,000 remaining stray cattle in 2 months

The Uttar Pradesh government is looking at rehabilitating about 400,000 stray cattle in the state over the next two months, even as a senior official said it is not cattle ... Read more »

Bengaluru: Two South Africans test positive for COVID-19 as threat of new variant looms

Amid fears of the spread of new Covid strain ‘Omicron‘ looming large, two South African nationals have tested positive for the coronavirus, and their samples have been sent for further ... Read more »

COVID-19 Karnataka : Two South Africans test postive, CM announces strict measures to deal with new variant

Representative image. Amid fears of the spread of new Covid strain ‘Omicron‘ looming large, two South African nationals have tested positive for the coronavirus in Bengaluru, Karnataka. “From (November) 1 ... Read more »

Bangladesh busts Pak-run fake Indian currency racket

Dhaka Police busting a fake currency racket run by pro-Pakistan elements recovered fake Indian currency worth over Rs. 7 crore from a house in the city on Saturday. The money ... Read more »

CJI Ramana says passing legislature laws without assessing their impact leads to big issues

Chief Justice of India NV Ramana on Saturday expressed concern on the issue of the legislature not conducting studies to assess the impact of the laws before getting them passed, ... Read more »

Coffee or Chai? At 2 Kolkata cafes, ‘Adda' is what's really on the menu

Representative image. At one of the cafes, to ask for chai is to invite a gaze of withering contempt from the turbaned waiter, as if blasphemy has been committed: It’s ... Read more »

Delhi schools to reopen from November 29 for all classes, tweets education minister Manish Sisodia

Representative image.(Image: ANI) Delhi Education minister Manish Sisodia on November 27 announced that all schools in the capital will reopen from November 29 for all classes. Sisodia tweeted on the same ... Read more »

COVID-19 Omicron | Players' safety important, priority is for India-SA tour to happen: BCCI treasurer

(Representative image) As the Indian cricket team is slated to tour South Africa next month, the Board of Control for Cricket in India (BCCI) Treasurer Arun Dhumal assured that the Board ... Read more »

New Covid variant: Delhi LG Anil Baijal instructs officers to prepare for any emergency

Delhi Lt Governor Anil Baijal instructed senior officials to ensure strict adherence to Covid appropriate behaviour at public places and preparedness at hospitals to deal with any emergency situation, official ... Read more »

Earthquake of magnitude 4.2 hits Mizoram's Champhai

An earthquake of magnitude 4.2 on the Richter scale jolted southeast of Champhai in Mizoram on Saturday, the National Center for Seismology (NCS) informed. “Earthquake of Magnitude:4.2, Occurred on 27-11-2021, ... Read more »

Passengers from `at risk' countries will have to undergo RT-PCR test on arrival in Gujarat

Passengers from countries categorized as `at risk’ by the Union Health Ministry will have to undergo COVID-19 tests upon arrival in Gujarat if they are not fully vaccinated, an official ... Read more »

Private sector pensioners can submit annual life certificate at any time with validity upto 1 year

PC- Shutterstock The deadline for private sector pension-holders under the Employees’ Provident Fund Organisation (EPFO), is not the same as for government pensioners, which is November 30. The last date for ... Read more »

Omicron: Kerala Government urges to exercise caution

The Kerala government on Saturday said a vigil has been sounded in the state in view of the presence of Omicron, a new variant of the coronavirus, reported abroad, but ... Read more »

COVID-19 Maharashtra: International travellers to follow Central Govt's directions for entering state

(Representative Image: Shutterstock) In view of the new COVID-19 variant Omicron, which has been identified as a variant of concern, the Maharashtra government’s new order on November 27 mandates all ... Read more »

It is incumbent upon judges to exercise utmost discretion in utterances in courtrooms: Kovind

It is incumbent upon judges to exercise utmost discretion in utterances inside courtrooms, President Ram Nath Kovind said on Saturday. Addressing the valedictory function of the Constitution Day programme organised ... Read more »

Chhattisgarh: Goods train derails as Naxals uproot railway track in Dantewada; no casualty

Eighteen wagons and three locomotives of a goods train derailed on the Kirandul-Visakhapatnam railway section in Chhattisgarh’s Dantewada district after Naxals uprooted railway tracks, a police official said on Saturday. ... Read more »

Centre agrees to farmers demand of decriminalising stubble burning: Tomar

Appealing to protesting farmers to end their agitation, Union Agriculture Minister Narendra Singh Tomar on Saturday said the Centre has agreed to their demand of decriminalizing stubble burning. Tomar, in ... Read more »

WTO postpones ministerial meet in Geneva for indefinite period due to Covid

The World Trade Organization (WTO) has postponed the ministerial level meet, scheduled from November 30 in Geneva, for an indefinite period due to an outbreak of a particularly transmissible strain ... Read more »

How Do I Keep My Computer Awake Without Touching My Mouse?

This wikiHow teaches you how to prevent your computer from going to sleep when you’re not actively typing or moving the mouse. This can be helpful when you’re downloading something ... Read more »

Samyukt Kisan Morcha suspends its November 29 tractor march to Parliament

The Samyukt Kisan Morcha has suspended its November 29 tractor march to Parliament and it will hold a meeting next month to decide its future course of action, farmer leaders ... Read more »

Free speech not to be exercised only if in line with majority; right to dissent essence of democracy: Delhi HC

Free speech is not to be exercised only if it falls in line with the majoritarian view and right to dissent is the essence of a vibrant democracy, the Delhi ... Read more »

Houses in Uttarakhand village sliding backwards, risk for human habitation: Experts

Dar — the first village of Darma valley in Dharchula sub-division of the district — is gradually sliding down the slope as a result of the weakening land surface on ... Read more »

Legislature does not conduct studies or assess impact of law, leading to big issues: CJI

Chief Justice of India (CJI) NV Ramana on Saturday said the legislature does not conduct studies or assess the impact of the laws that it passes, which sometimes leads to ... Read more »

Be selective! Going may get tough for India Inc in coming quarters

Markets experienced Friday blues and erased the long-standing gains made till lifetime highs of 18,600. Although the sell-off eased a bit as the week passed by, the nervousness among market ... Read more »

D-Street Week Ahead: Market to remain jittery; defensive sectors may shine

The Indian equity markets were just consolidating and trying to find a base for themselves in the first four of the last five trading sessions. However, the final session on ... Read more »

PM Modi directs officials to review plans for easing of international travel curbs amid omicron concern

PM Modi chairs high level meeting amid rising global concerns over new COVID variant. Image source: PMO In an important meeting on the COVID-19 scenario and vaccination status in the ... Read more »

Kerala Tourism launches STREET project for experiential tourism

In a pioneering initiative to take tourism deep into the state’s interiors and rural hinterland, Kerala Tourism will launch the ‘STREET’ project in select spots in seven districts, which would ... Read more »

25 stocks that can offer up to 48% returns over 12 months according to Stock Reports Plus

ET Stock Screener lists down quality stocks with high upside potential over the next 12 months, having average recommendation rating of “buy” or “strong buy”. This predefined screener is only ... Read more »

PM Modi briefed about 'Omicron'; asks officials to review plans to ease int'l travel restrictions

Prime Minister Narendra Modi was on Saturday briefed about the new ‘Omicron‘ variant of the coronavirus, and he asked officials to review the plans to ease international travel restrictions in ... Read more »

Workers' paradise? Portugal's new teleworking law takes flak as critics call it half-baked and unfeasible

Portugal‘s new law on working from home makes the European Union country sound like a workers’ paradise. Companies can’t attempt to contact their staff outside working hours. They must help ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic