Viridian Group is developing the Noida World Trade Center facility, which will become a technology and manufacturing hub. The 44 acre development will include 4.2 million square feet of mixed-use space with an investment of 1,000 crore rupees. The first phase of 7 lakh square feet is already operational. Viridian Group aims to develop the center as a mobile open exchange cluster to help mobile firms reduce costs and improve profitability by co-locating suppliers and vendors.
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Ashish bhalla viridian wtc noida gets ready to become technology manufacturing hub
1. Ashish Bhalla Viridian Wtc Noida gets ready to become Technology
Manufacturing Hub
World Trade Centers Association (WTCA), the governing body of WTCs with 300
centres in 90 countries, is looking to expand operations in India to promote trade and
investment. The association provides platform to business entities who are looking to
connect globally and prosper locally. Recently, it signed a Memorandum of Cooperation
with CASME, China's association of small and medium enterprises who are looking to
establish their business in India.
WTCA has given licenses for the development of 21 World Trade Centers in India. At
present five World Trade Centers are operational at Mumbai, Bengaluru, Pune, Noida
and Kochi. Out of all these, Noida is the biggest in terms of the total developable area.
Viridian Group is developing the Noida facility on 44 acres, comprising 4.2 million sq ft
of mixed-use development, with an investment of Rs 1,000 crore and the company has
licence to 12 other such centres across India. The first phase comprising 7 lakh sq ft is
already operational. Viridian Group is owned and managed by Mr. Ashish Bhalla.
With Vivo Mobile taking up the entire 7 lakh sq ft on lease, Viridian group is targeting to
develop this centre as mobile open exchange cluster (MOX). MOX will help in cutting
operational costs and higher profitability for mobile firms on the back of efficient supply
chain systems that will evolve due to the proximity of the vendors and suppliers in the
cluster, she said, while inviting mobile companies to set up their units in the Noida
centre.
