India, May 7 -- In a bid to encourage start-ups in the city, the Noida authority has decided to provide space at discounted rates to the entrepreneurs who are interested in setting up their start-up firm here, and require office space at cheaper rates.

The authority will offer space at the eight-storey City Bus Terminal building in Sector 82 that is lying largely unused since its completion in 2021.

Built at a cost of Rs.157.9 crore, the terminal was intended to be a transportation hub but failed to draw sufficient passengers. Thus, the authority aims to make it a hub for the start-up firms by offering the space at reasonable rates.

"We have decided to encourage the youth who have got ideas and need support to materialise their busines...