Around thirteen companies, including domestic and international firms, have expressed their interest in setting up data centres in the Indian state of Uttar Pradesh in Noida, with an investment of about Rs 22,000 crore.
These companies include the Hiranandani group, which has started work on the project with an investment of Rs 6,000 crore and the Adani group, which is setting up two projects of 50 MW each in the district with a combined investment of Rs 4,900 crore.
Indospace Capital Advisors would be investing Rs 1,500 crore and has already applied for land, NTT Global Data Centres, UK, has also been allotted land in Gautam Buddha Nagar (Noida) to set up a 70 MW data centre with an investment of Rs 1,500 crore, STT GDC, Singapore would be setting up an 18 MW project with an investment of Rs 1,100 crore and has already got the land allotted, according to reports.
The report further pointed that the state government has also received intents of investment from companies like Sify Technologies, CTRLS Data Centres, Web Works, RBDC Pte, Singapore, Brookfield Asset Management, Canada, Mantra Data Centres, Spain.
Yotta Infrastructure is set to invest US$950 million (INR 7000 crore) in a 20-acre hyperscale data center park in Greater Noida after receiving approval from the Uttar Pradesh Government in ‘record time’.
The park will consist of six interconnected data centers, with a 30,000 rack capacity and 200 MW of power.
NCR-Delhi is expected to emerge as a new data centre hotspot as demand from Government departments and IT/ITeS are expected to drive further growth.
According to a JLL report titled ‘2020 India Data Centre Market Update’, NCR–Delhi data centers are expected to tend to the increasing demand arising from various digital transformation initiatives by the government.
The data centre industry is expected to grow to reach 1,007 MW by 2023 from its existing capacity of 447 MW. With the growing reliance on digital connectivity, demand is likely to increase further due to the rollout of 5G, IoT-linked devices, data localisation and cloud adoption.
India’s data centre sector will require an investment of USD 3.7 billion over the next three years to fulfill the 6 million sq. ft greenfield development opportunity for the industry.
