WTC Invests Rs. 10000 Cr in UP, Signs MOU with UP Govt

Recently, the Government of Uttar Pradesh (GoUP) inked a Memorandum of Understanding (MoU) with WTC Noida for building a Mobile Open Exchange Zone (MOX) over 100 acres of land in Tech Zone, Greater Noida (TZGN). This announcement has been made by GoUP at the UP Investor’s Summit 2018. On the basis of MoU, WTC will pump Rs. 10,000 crore in UP by building MOX in Tech Zone, Greater Noida. The building of MOX will write a new chapter of growth in mobile as well as allied sector and create employment opportunities for over 50,000 people.

Mobile Open Exchange Zone (MOX) aims at creating focused mobile ecosystem which stays firm on three principles: software, infrastructure and hardware. The MOX will address the problems encountered by technology companies and resolve them by harnessing the power of skilled human resources. For smooth setting up of the project, GoUP has taken the onus for obtaining required registrations, approvals, permissions and clearances, etc., as per the existing rules and regulations of the state government. Moreover, it makes sincere attempts to avail several incentives as announced by State/Central Government under various schemes, wherever applicable.

As per one of the reports by MOTT MacDonald 2020, India will occupy 2^nd slot as the largest smartphone market and contribute significantly 8.2% to India’s GDP. With the establishment of MOX, India’s mobile and other sectors will sketch a new roadmap of growth and success.

World Trade Center is one of the leading real estate companies in India developing premium quality of residential and commercial projects. The company offers several premium properties in Delhi-NCR at affordable prices.