13 Companies Express Interest To Build Data Centres With Over Rs 22,000 Crore Investment In Noida: Report

In a major boost to the digital India mission, thirteen domestic and international firms have shown interest in establishing data centres with an investment of more than 22,000 crore in Noida, reports Financial Express.

The Hiranandani and Adani groups have started work on the project with respective investments of around Rs 6000 crore and Rs 4900 crore respectively. The latter is putting up two projects of 50 MW each in the district.

Meanwhile, the duo of Indospace Capital Advisors and NTT Global Data Centres will also be carrying out investments worth Rs 1500 crore with the latter being allotted a land in Gautam Buddha Nagar (Noida) for setting up a 70 MW data centre.

Similarly, STT GDC, Singapore will be establishing an 18 MW project and put in an investment of Rs 1100 crore for which they have already been allocated the land.

“There is huge interest in the data centre sector in UP and the response has been beyond our expectation. Many serious and solid players are interested, including Microsoft and Google,” an official from the UP state government industry department was quoted in a report by the Financial Express.

He added, “The empowered committee would be meeting soon to decide on this. We would issue letters of intent (LoIs) to interested companies soon.”

Additionally, the UP government has also received intents of investment from companies such as Brookfield Asset Management, Mantra Data Centres, CTRLS Data Centres, Sify Technologies amongst others.