India’s Greater Noida to auction 22 plots for starting IT, BPO firms
MAHARASHTRA, INDIA — The Greater Noida Industrial Development Authority (GNIDA) has launched a new allotment scheme to e-auction 22 commercial plots primarily for starting IT and BPO operations, indicating renewed effort to position India as one of the major international tech hubs.
Strategic land offering for IT-BPO sector
According to Arvind Mohan Singh, Senior Manager at GNIDA, the agency put a total of 22 plots up for e-auction, a transparent process designed to attract serious investors. Registration for the scheme opened on August 25 and will close on September 23. The plots are in Knowledge Park 5 and Techzone 7, which are also regions set for technology-related growth.
The available land parcels vary in size, ranging from 500 to 1,389 square meters, providing options for businesses of different scales, from startups to larger multinational corporations. The combined reserve price for these plots is approximately ₹55 crores (US$6.2 million).
Officials note that this initiative is designed to provide flexibility and cater to the diverse operational needs of modern tech companies.
Greater Noida’s infrastructure push
This land distribution plan comes at a time when large-scale infrastructure projects are being undertaken to make Greater Noida a competitive economic area in the international arena. Foremost among these is the planned Noida International Airport, which is set to transform connectivity and accelerate economic growth.
The program’s objective, as stated by ACEO Singh of GNIDA, is to enhance Greater Noida’s reputation as a premier destination for technology-driven enterprises. This is a critical stage in the process of reviving the region’s technological potential by leveraging improved infrastructure and a renewed sense of investor confidence to attract global companies, according to industry experts.
GNIDA intends to capitalize on the anticipated expansion by initiating the event at this time. This will generate numerous employment opportunities and attract additional investment.
