UP Cabinet Approves 69.52-Acre AI and Robotics Park in Greater Noida
· Technology · LiveMint, The Hindu
The Uttar Pradesh Cabinet on Tuesday approved a 69.52-acre robotics and artificial intelligence park in Greater Noida, projected to generate more than one lakh direct and indirect jobs and contribute roughly ₹2,000 crore annually to the state economy at full scale. The park, named PRAGATI, will house shared infrastructure including robotics testing and certification centres, rapid prototyping facilities, AI computing infrastructure, motion-capture systems and data laboratories. Development will proceed in two zones: an eight-acre zone under a public-private partnership where the Greater Noida Authority holds a 26% equity stake and a private partner 74%, and a 61.52-acre zone for private investment with no state capital liability. Financial support for the first zone includes ₹21.1 crore in equity from the Authority and a ₹126.2 crore interest-free loan from the state government for 30 years, totalling ₹147.3 crore. The special purpose vehicle will also receive a 5% service charge on de
Why it matters
The park aims to anchor indigenous robotics manufacturing and AI development in the National Capital Region, creating a large skilled-job pipeline and drawing private capital into deep-tech hardware.
Read the original report — LiveMint
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