The Yamuna Expressway Industrial Development Authority (YEIDA) has identified approximately 500 acres of land in Sector 11 for establishing an exclusive facility for artificial intelligence and financial services firms, which is a major move towards establishing Yamuna Expressway as an innovation zone.
It was reported that the process of acquiring most of the required lands for the development of this project is already complete. As such, YEIDA can proceed to the next development stage, where it will ensure that there are companies interested in carrying out their operations in the proposed sector. YEIDA will soon invite expressions of interest.
The proposed hub will service not only AI companies, financial service companies, but will also include data centre companies, banking tech companies, stock market service companies, and financial software companies. This is according to officials, who sought to develop a comprehensive ecosystem.
Sector 11 appears to be a part of a larger plan to turn Yamuna City into a technologies-powered growth hub, as far as the plans initiated by the Uttar Pradesh government to encourage AI-powered industries are concerned. The region is already well-connected to Noida, Greater Noida, and the upcoming Noida International Airport in Jewar.
The authorities have pointed out the fact that the enterprises involving AI require more infrastructure in the form of power, computing, data storage, and connectivity. With this in mind, the data centers have been inculcated in the development plan related to Sector 11.
The proposed hub will serve not only AI and financial services companies but also data center companies, banking technology companies, stock market service companies, and financial software development companies. It has been revealed that a diverse focus has been made with an aim of developing an ecosystem for digital services and financial technologies.
Sector 11 has been identified as a part of a larger plan to convert Yamuna City into a technology-driven growth hub, in consonance with the UP Government’s initiative to boost AI-driven industries, especially in Gautam Buddh Nagar. The area is also advantageously located close to Noida, Greater Noida, and the proposed construction of the Noida International Airport at Jewar.
They also indicated that there are physical and technological requirements that AI-driven businesses need to invest in; these include high power requirements, advanced computer systems, data storage, and connectivity services. With these aspects in mind, data centres have been included as part of the development plan for Sector 11.
RK Singh, Chief Executive Officer of YEIDA, said the project is being conceived as a long-term initiative and will align with and strengthen the cluster of industrial, institutional, and technology-driven developments emerging along the Yamuna Expressway corridor.
The AI and finance hub is expected to create ample job opportunities, especially for skilled professionals in data science, software development, financial analytics, and digital infrastructure management. According to some industry analysts, the project would also lead to an increase in demand for commercial real estate, colocated living spaces, and residential facilities across its vicinity.
Besides, the work on the Yamuna Expressway is already in full swing for multiple industrial sectors, logistics hubs, and institutional projects. The proposed AI and financial services hub will be a feather in its cap that increases the corridor's appeal as a diversified economic zone.
As India fast-tracks its policies and programs for AI, fintech, and digital infrastructure, YEIDA's move here is part of a growing trend among development authorities to create sector-specific clusters by amalgamating land availability, infrastructure readiness, and policy support. If all goes according to plan, Sector 11 could become one of the significant nodes for technology-laced growth in the National Capital Region in the next few years.
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