Uttar Pradesh chief minister, Akhilesh Yadav declared his ambitions of developing Noida as an international finance hub. Mr. Yadav has pitched the city as the ideal investment destination with several development and infrastructure projects underway. The Noida Authority was exploring the possibility of developing Noida on the lines of GIFT City, Gujarat, and finally Rama Raman, chairperson and CEO of Noida Authority gave his approval.
A seven member panel visited Gujarat and made a presentation, after a study trip. According to a senior official the Authority is considering land along the Noida-Greater Noida Expressway, for the project. The main purpose will be to build a city with high quality physical infrastructure, including centralized electricity, water and gas, district cooling for air-conditioning, roads and telecom and broadband facilities. [Read more…]