UP Government inks MoU with WTC Noida
The Government of Uttar Pradesh has signed a MoU with World Trade Center Noida to build a Mobile Open Exchange Zone (MOX) around Tech Zone, Greater Noida. The MOU was signed at he UP Investors summit held in Lucknow on 21-22 February 2018.
As per the MOU, the Tech Zone shall act as a nucleus for MOX to bring the advantage of growth in the mobile and allied sector to the state. MOX is a focused mobile ecosystem that is built on three pillars, i.e infrastructure, hardware and software, addressing the challenges faced technology companies through access to skilled human resources and enabling synergies.
For the establishment of aforesaid project, Government of Uttar Pradesh would facilitate to obtain necessary permission, registration, approvals, clearances, etc, as per the existing facilities, rules and regulations of the state government and would also help to avail incentives under various schemes announced by state/central Government, whichever applicable.
As per MOTT MacDonald report by 2022, India will be the 2nd largest smart phone market, with 130 billion India’s total mobile sector value which will be 8.2 percent of GDP’s contribution to Indian economy. MOX @Tech Zone is slated to transform into a focused mobile ecosystem harboring infrastructure service providers, retailers, distributors, handset manufacturers, mobile content, application development and service providers.
This will also further indigenous R&D in hardware and help promote startups in the app development and other domains related to mobile. World Trade Center Noida through its various activities is committed in transforming the region into a leading business and investment hub.