The Noida centre will be the IT major’s third campus after Hyderabad and Bengaluru facilities, which employ 5,000 and 2,000 professionals, respectively.
During a virtual meeting with Uttar Pradesh’s MSME & Export Promotion Minister Sidharth Nath Singh on Monday, Microsoft India Managing Director and Corporate Vice-President Rajiv Kumar said that the company was planning to set up its North India technology hub in Noida.
“This project will have a huge multiplier effect on other sectors as well, considering Microsoft is among the biggest global corporations,” Singh told Business Standard on Tuesday, adding that Noida already had presence of top corporate entities such as TCS, Wipro etc.
Singh told Microsoft that the state government had adequate availability of land for the project. He also invited the team to visit the site.
Terming it as a major development towards positioning UP as a major investment hub, the minister said the government would roll out red carpet for Microsoft and similar amenities would be provided to other investors as well.
“The setting up of Microsoft campus would spur India’s progress as an electronics and technology hub. It would also help UP in attaining self reliance and providing skills training to the state’s youth going forward,” Singh said.
The UP government is setting up an electronic city near the proposed international airport at Jewar (Greater Noida) and is expecting that it will attract big-ticket investment in the future.
Meanwhile, a team of Microsoft is expected to visit the site soon in Noida to start the project.
Over the past few months, the Adityanath government has upped the ante to attract global corporations looking for opportunities to shift their manufacturing bases away from China following the Covid-19 outbreak.
In this backdrop, Singh and Industries Minister Satish Mahana have virtually interacted with the representatives of some leading firms and industry chambers based out of several countries, including South Korea and USA.
UP Chief Minister Adityanath had earlier directed officials to formulate a strategy to woo such companies and offer competitive incentives to investors opting to invest in the state.
On the lines of Prime Minister Narendra Modi’s $5-trillion economy vision, UP has already set a target of hitting the $1 trillion economy.