New tech park to spring up in Noida

NEW DELHI: Moved by an increasing demand to have quality infrastructure by MNCs, IT Enfraservices Pvt. Ltd., a construction focused company, is planning to build a second IT park in Noida.

"We are expanding because the business dynamics allow us to do so. There at least two big US based companies who have shown serious interest in our new facility — Logix Technopark, which is yet to be completed. This would be in Noida itself and would be more than five times the capacity of the current one covering an area of six-lakh sq. ft. Once ready, the facility will have the capability to house more than 6000 people," informed Shakti Nath, MD of Noida-based IT Enfraservices.

Backed by investment commitments from Canara Bank, the company plans to complete Logix Technopark project with a total investment of Rs 80 crore. "We would be completing the four-tower construction project in a phased manner. First one of these towers would be operational by February 2005, the next two would be designed for big multi-national companies and the last one would be involved in high-end incubation activity," he explained.

Built in an area of 1,20,000 sq. ft, Logix Park — IT Enfraservices' first IT park is working as an incubation unit and is home to 30 IT companies.

"Logix Park has done pretty well in terms of attracting foreign companies to Indian soil. Companies like Relsys, Citibank, Ikos and Computer Science Corporation already have their presence. We are likely to see two or three major incubation parks within six months. Destinations like Noida are rising up to the occasion of providing world-class infrastructure on a sustainable basis," said STPI Noida director Sunil Aggarwal.