UP govt signs pact for IT City
LUCKNOW: Giving the final governmental push to the ambitious IT City project in Lucknow, the Uttar Pradesh government on Friday signed the concessionaire's agreement with developers Vamasundari Investment (Delhi) Private Ltd, the investment arm of HCL, to build the HCL IT City project at Chak Ganjaria farms in Lucknow
With the signing of the contract agreement done, Vamasundari Investment will now be able to prepare a Detailed Project Report (DPR) for the project. The DPR will contain detailed project specifications for which the developers will need to seek a final stamp of approval from the Lucknow Development Authority to begin actual spade work on the site.
The HCL group has dubbed the IT City as a unique initiative. Besides an IT, ITeS, software development centre, the group plans to build a large skill development centre for 5,000 students and residences for those working in the IT City bringing in the walk-to-work concept for the first time in Uttar Pradesh.
Nadar has also promised to make the IT city in Lucknow among the prettiest campuses in the world, generating 5,000 direct jobs in five years and 25,000 jobs when developed fully in 10 years. Chief minister Akhilesh Yadav has also projected the IT City project as a flagship SP government enterprise that will stop the state's talent from migrating to other states in search of better career opportunities.
Headquartered in Noida, the USD 6.4 billion HCL groups expansion into Lucknow boosts the state's image in terms of its ability to attract investment. For the UP government, the next big investment opportunity lies in Agra, where the state plans to bring another IT City similar to the one in Lucknow