Uttar Pradesh, India's largest state, is set to embark on a groundbreaking project, the creation of the country's first AI city in Lucknow. This initiative is set to leverage the immense potential of artificial intelligence (AI) to drive economic growth and technological innovation.
The backdrop for this visionary undertaking is the booming global AI market, which is projected to reach US$137 billion in 2022 and is expected to sustain a compound annual growth rate of 37.3% from 2023 to 2030. Uttar Pradesh's strategic focus on artificial intelligence aligns with this global trend, positioning the state to harness the economic benefits of emerging technologies.
The UP Electronics Corporation Ltd., serving as the nodal agency for the project, has issued an Expression of Interest (EoI) to engage real estate developers in the creation and operation of the AI city. This signals a collaborative approach between the government and private sector entities to bring this ambitious vision to life.
The government's commitment to the AI city project is underscored by the allocation of a prime 40-acre parcel in the Nadarganj Industrial Area, free from encumbrances. Financial support, including a one-time Capex support and stamp duty exemptions, has been outlined to incentivize potential developers. These measures are crucial in attracting top-tier stakeholders to contribute to the city's development.
The AI city in Lucknow is envisaged as a comprehensive hub integrating cutting-edge technology, research centers, and educational institutions. Its design includes luxury and affordable housing, promoting a walk-to-work model. Dedicated spaces for engineering and management institutes will foster collaboration between academia and industry. The city's internal modes of transport will be AI-enabled, providing a glimpse into a future where technology seamlessly integrates into everyday life.
Lucknow, as a Tier 2 city, has been strategically chosen for the development of the AI city. This decision aligns with the broader economic goals of the Uttar Pradesh government, which aims to transform the state into a US$1 trillion economy within the next five years. This initiative complements the existing ITeS and IT hub in Noida, showcasing the state's commitment to becoming a technology powerhouse.
Lucknow already hosts major IT players like HCL and TCS, supported by a thriving tech ecosystem and renowned educational institutions. The AI city is poised to enhance this technological landscape, drawing talent and fostering innovation. As the project unfolds, it holds the promise of reshaping the future of technology in India and contributing significantly to the global AI revolution.
As Uttar Pradesh embarks on this ambitious journey to establish India's first AI city, the state positions itself as a frontrunner in the global AI landscape. The transformative impact of this initiative extends beyond regional boundaries, promising to redefine the technological future of the nation and contribute to the ongoing global AI revolution.
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