The Government will also give a subsidy of up to 60 percent in the loan borrowed by investors. Besides, 25 percent subsidy will be given for buying land. First time companies will be given 100 percent exemption from stamp duty whereas firms setting up second units will get a discount of 50 percent.
IT majors propose to set up units at cost of Rs 20,000 crore in Uttar Pradesh
YEIDA officials believe that the world's leading companies will invest in the data centre park being developed in Sector 28. Major IT companies of the world are setting up their factories in Noida, Greater Noida and YEIDA areas and the production will start in a few years. The companies will make new software, including educational software and video games in Noida. At present Chinese and American companies lead in making such software and video games.