STT GDC India and the Government of Karnataka has signed a Memorandum of Understanding (MoU) for building data centers in the state of Karnataka. A total investment of around Rs. 1,500 crore is planned to build data centers, the company said in a statement. The project will happen in multiple phases over the next 8 to 10 years and generate jobs (direct & indirect), with up to 1000 people during construction and 200 once it’s operational.
The MoU was signed during the inaugural ceremony of Invest Karnataka 2022 – Global Investment Meet.
STT Global Data Centres India Private Limited, also known as STT GDC India, is a market-leading data center services provider with 215MW of Design Capacity in terms of IT load, spanning across 21 facilities (including under construction) in 9 cities. Headquartered in Mumbai, it offers a wide-ranging portfolio of services that include colocation services, carrier-neutral services and technical support services such as installation, networking, and monitoring.
The MoU was signed by Sumit Mukhija, CEO of STT GDC India, in the presence of Additional Chief Secretary to Government, Commerce & Industries Department, Dr. E.V. Ramana Reddy. The event was joined by other dignitaries, Hon’ble CM, Sri Sajjan Jindal, Chairman JSW Group, Sri Rajeev Chandrasekhar, and Hon’ble Union MOS for Skill and Development.
According to Sumit Mukhija, CEO, of STT GDC India,
“Karnataka currently contributes $100-110 billion to India’s digital economy. Under the leadership of our Hon’ble Chief Minister, Karnataka has been the frontrunner in post-COVID investments in the country and has shown how states can adopt and rebuild economies in the ‘new normal’. The department is committed to providing all support to tap the full potential of Beyond Bengaluru clusters in Karnataka. STT GDC India today, the largest Datacenter colocation services provider in the country with more than 215MW of Design Capacity in terms of IT load, spanning across 21 facilities (including under construction) in 9 cities totalling more than 3 Mn sqft of Gross floor area. Since 2015, our design capacity has grown 5X, revenue by more than 3X and we have done this profitably with an equal growth in EBITDA.”
India is set to create up to $1 trillion in economic value from the digital economy by 2025. STT GDC India is committed to playing a significant role in the Digital India mission by building world-class data centres and supporting Prime Minister Narendra Modi’s vision of making India a $1-trillion digital economy by 2025, he added. As a leader in the data center colocation market, STT GDC India has always believed in pioneering initiatives that add value to the ecosystem. Skilled manpower has been a persistent challenge faced by the industry that needs to be addressed.
The Centre of Excellence in Bengaluru has provided a platform for and has already trained 200 candidates, to up-skill and in alignment with industry requirements complete with practical learning opportunities, thereby enabling them to increase their employability quotient.