The grand tapestry of technological advancements, Uttar Pradesh, India's largest state, is weaving a bold narrative—one that envisions a city pulsating with artificial intelligence (AI). While the world witnesses the blossoming of AI markets, Uttar Pradesh is stepping into the future with plans to build India's maiden AI city in the historic city of Lucknow. It's not just a city; it's a symphony of innovation, a haven for tech enthusiasts, and a playground for the curious minds shaping our digital tomorrow.
The global AI market, a colossal $137 billion spectacle in 2022, is projected to pirouette at a staggering 37.3% compound annual growth rate from 2023 to 2030, according to a report by Grand View Research. In this whirlwind of technological evolution, Uttar Pradesh aims to carve its niche as the torchbearer by creating a fertile ground for the AI ecosystem.
Lucknow, already a melting pot of knowledge with Centers of Excellence in AI and MedTech, sets the stage. The AI COE at IIIT Lucknow incubates over 15 AI/ML start-ups, fostering a culture of innovation and entrepreneurship. Now, imagine amplifying this energy by weaving cutting-edge technology, research centers, and educational institutions into the fabric of an entire city.
The Uttar Pradesh Electronics Corporation Ltd., the visionary architect of this AI city, has unfurled an Expression of Interest (EoI) that beckons real estate developers to partake in the creation of this digital utopia. The canvas is vast—40 acres in the Nadarganj Industrial Area—free from encumbrances, a blank slate for the architects of tomorrow's workspace.
To sweeten the deal, the government extends a helping hand with financial incentives that glitter like digital gold. Developers, drawn to the allure of AI dreams, can benefit from a one-time Capex support of 25%, up to ₹20 crore for an IT Park and ₹100 crore for an IT City. Stamp duty exemption dances in as the cherry on top, aligning with the IT and ITeS Policy of 2022.
This isn't just about erecting towers and plugging in computers. It's about crafting a holistic environment where luxury and affordable housing coexist, where walking to work becomes a lifestyle. The blueprint emphasizes a fusion of academia and industry, offering dedicated spaces for top engineering and management institutes to harmonize in the pursuit of knowledge.
The AI city envisions not just roads but intelligent arteries, AI-enabled modes of internal transport weaving seamlessly through the digital tapestry. It's a city where the tech workforce of over 75,000 professionals converges with 23,000 STEM graduates and 300+ colleges, including the illustrious IIM-Lucknow, IIIT-Lucknow, BBDU, and Amity.
Uttar Pradesh, the sixth-largest state in the IT ecosystem, has its sights set on becoming a $1 trillion economy within the next five years. The IT and ITeS sectors are the chosen vehicles hurtling the state towards this audacious goal. Noida, a burgeoning global IT and ITeS hub, stands as a testament to this ambition, and now, Lucknow steps into the limelight as an emerging tech hub endorsed by industry associations.
As major IT players like HCL and TCS already grace the city, the AI city becomes the next crescendo in this symphony of technological evolution. It's not just a city; it's a declaration—a declaration that Uttar Pradesh is not just embracing the future but is actively shaping it. The digital revolution is beckoning, and Uttar Pradesh is opening the door wide for all those ready to step into the tomorrow of AI excellence.
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