CapitaLand India Trust Management Pte. Ltd., trustee-manager of CapitaLand India Trust (CLINT), has signed a Memorandum of Understanding (MoU) with the Telangana Government to develop a data center at CLINT’s International Tech Park Hyderabad (ITPH), located at Madhapur.
The MoU was signed by Indian Administrative Service (IAS) member Shri Jayesh Ranjan for Telangana and CLINT Management and exchanged in the presence of Shri K.T. Rama Rao, Minister for Information Technology (IT), Industries and MA&UD.
CLINT will utilize the data center expertise of CapitaLand Group to build the ITPH data center, which will be approximately 250,000 square feet and have 36 megawatts (MW) of power capacity. The project will incorporate the latest technologies in cooling and security, as well as a dedicated gas-insulated substation within site.
Its technologically advanced specifications will allow it to serve hyperscale players and large regional enterprises. The project is estimated to entail an investment of approximately INR1,200 Crores (S$210 million) to be deployed in the next 3 to 5 years.
According to Hon’ble Minister Shri K.T. Rama Rao, of IT, MA&UD, and Industries,
“I am very happy to see CapitaLand India Trust invest in Telangana. Today, Hyderabad is one of the fastest growing data center markets in India and the investment adds to the pace we look to keep up. I hope to continue this relationship and hope the state can work together with CapitaLand to get not only data centre investments, but also other IT and IT Enabled Services infrastructure projects to fuel the ever-growing IT industry in the state.”
Mr Sanjeev Dasgupta, Chief Executive Officer of CLINT said:
“This is CLINT’s second data center development project in India, following our entry into India’s data center market by the acquisition of a greenfield data center development site in Navi Mumbai in 2021. CapitaLand Group has been operating in the State of Telangana for almost two decades. CLINT owns and manages three business parks in Hyderabad – ITPH, CyberPearl and aVance – aggregating to 3.8 million sq ft and catering to close to 70 global organisations and over 30,000 professionals. Located within Hyderabad, Telangana is renowned for its ease of doing business, high quality infrastructure and investment-oriented initiatives.”
Mr. Surajit Chatterjee, Managing Director, Datacenter (India) at CapitaLand Investments said:
“Over the last few years, CapitaLand Group has rapidly built strong competencies in data center design, development and operations, with 25 data centers across Asia and Europe that will offer more than 500 MW of power on a completed basis. We are excited to embark on CapitaLand India Trust’s second data center development as we expand our data center business globally. Our latest Hyderabad project will incorporate state-of-the-art technology and the project reinforces our commitment to becoming a strategic data center operator in India.”