Noida receives Rs 22,000cr investments through 13 CompaniesJust In

June 18, 2021 15:56
Noida receives Rs 22,000cr investments through 13 Companies

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Close to 13 companies from India and abroad have expressed to invest in Noida for setting up data centres with an investment of Rs 22,000 crores. The news has been revealed through a report titled 2020 India Data Centre Market Update. Hiranandani Group is the major investor among the firms and they commenced work on the project. The group is said to be spending Rs 6000 crores. Adani Group is investing in two groups and their total investment is said to be Rs 4900 crores. Indospace Capital Advisors will invest Rs 1500 crores and they applied for the land.

NTT Global Data Centres from UK got a land allocated in Noida for setting up 70 MW data centre and they are investing Rs 1500 crores on the project. STT GDC from Singapore is aiming an 18 MW project and their investment is Rs 1100 crores. The state government also received several investment proposals from Sify Technologies, Web Works, RBDC Pte, CTRLS Data Centres, Mantra Data Centres from Spain and Brookfield Asset Management in Canada. The National Capital Region (NCR) is expected to emerge as a major hub for data centres in the coming future. The data centre sector in India will need an investment of 3.7 billion USD in the next three years to meet the 6 million sq. ft greenfield development opportunity.

As of now, the data centres are located in Mumbai, Hyderabad, Chennai, Bengaluru and Delhi.

By Siva Kumar

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