World Trade Centers Association (WTCA) has announced that it has terminated 13 licences held by WTC Noida Development Pvt. Ltd (WTC Noida) & Spire Techpark Ltd due to numerous material violations of License Agreements, failure to adhere to the Bylaws of the WTCA as well as the inability to advance the objectives of the Association. Effective 19 February 2025, the termination applies to the licences held for WTC Ahmedabad, WTC Amritsar, WTC Bhopal, WTC Chandigarh, WTC Faridabad, WTC GIFT City, WTC Lucknow, WTC Noida, WTC Noida CBD, WTC Patna, WTC Surat, WTC Vadodara and WTC Varanasi.
Commenting on the termination of the licences, a spokesperson for WTCA said, “It has come to our attention that one of our large members in India – WTC Noida Development Pvt. Ltd. (WTC Noida) & Spire Techpark Ltd – have encountered significant problems in the development of its businesses in India. The difficulties have been so severe, so significant, and so public that it has adversely affected the reputation of the World Trade Centers Association (WTCA) and its brands, and by extension, every one of our members requiring the WTCA to investigate the matter. Upon the conclusion of our internal examination of WTC Noida, the WTCA came to the conclusion that it had breached the material terms of its license agreements. Therefore, the WTCA took the necessary action to terminate its license agreements with them effective February 19, 2025.”
Additionally, the spokesperson said, "The WTCA is a not-for-profit, non-political association dedicated to helping establish World Trade Center branded businesses worldwide that serve as instruments for international trade expansion. While we own and license the world-famous World Trade Center (WTC) brand to our members, we are not involved in developing or financing their projects, nor do we have any equity or ownership in, or enjoy any profit share from, their respective businesses. WTC Noida was a licensee of the iconic World Trade Center brand that is owned by the World Trade Centers Association, Inc. (WTCA) located in NYC. WTCA has not been involved in any way – be it as a partner, shareholder, manager, or participant – with the real estate development projects of WTC Noida or any of WTCA’s other trademark licensees anywhere in the world. Inquiries should be sent to the appropriate entities — WTC Noida Development Pvt. Ltd (WTC Noida) and Spire Techpark Ltd."
