NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has designated approximately 500 acres in Sector 11 for creating a specialized hub focused on artificial intelligence (AI) and financial services companies. Officials indicate that the acquisition of most of the land has been completed, and efforts will now shift towards attracting businesses to this sector.
YEIDA intends to solicit expressions of interest (EOI) from companies looking to establish operations in this area. In addition to AI and financial services, the land will also cater to data centers, banking technology firms, stock market services, and financial software development companies.
Sector 11 has been chosen as part of a larger initiative to establish Yamuna City as a tech-driven growth zone, aligning with the state government’s goal of promoting AI-based industries in GB Nagar.
According to officials, AI enterprises typically require robust physical infrastructure, advanced computing hardware, software platforms, and substantial data resources. Consequently, data centers have been recognized as a crucial element in the development plans for the sector.
The authority will engage an expert agency to draft a detailed development and investment model for this sector. This agency will be responsible for planning infrastructure, formulating a feasible implementation framework, and assisting in attracting both domestic and international firms. YEIDA’s role will primarily revolve around land provision and regulatory support while the agency will handle execution and industry engagement.
To select the agency, YEIDA will soon release an EOI to invite proposals from firms with experience in developing large-scale technology or financial hubs. Proposals will be evaluated based on technical capabilities, development strategies, and the potential to attract investments and companies to the sector.
The project is envisioned as a long-term undertaking, intended to complement other industrial, institutional, and technology-based developments along the Yamuna Expressway corridor, according to Authority CEO RK Singh.
