SOLIS-IDC, a South Korean technology company, has revealed its ambitious plan to invest USD 2 billion in India to establish a data center. To navigate the complexities of entering the Indian market for this venture, SOLIS-IDC has enlisted the services of the respected consultancy firm, the Global Forum for Policy and Strategy (GFPS) Advisory.
Once operational, the data center is expected to serve various sectors, including e-commerce, cloud computing, fintech, and more.
GFPS Advisory’s appointment, a consultancy firm known for facilitating foreign investments, demonstrates SOLIS-IDC’s commitment to a smooth entry into the Indian market. Leading negotiations and representations on behalf of SOLIS-IDC in India will be Ashish Jain, Chairman of GFPS, and Suresh Sharma, President of GFPS.
The USD 2 billion investment will be allocated toward the construction and operation of the data center, including the necessary infrastructure and advanced security measures to safeguard sensitive data. Dr. David Kim of SOLIS-IDC anticipates that the facility will become one of the most energy-efficient and environmentally sustainable data centers in the region.
While the precise location of the proposed data center remains undisclosed, SOLIS-IDC and GFPS are actively engaging with Indian government officials and relevant stakeholders to identify the most suitable site that aligns with both the company’s requirements and the local ecosystem.
India’s growing demand for robust data storage and processing capabilities have been attracting lots of data center operator’s attention to invest in the country.
This month, STT GDC India is gearing up to make a substantial investment of one billion dollars within the next 3-4 years for the expansion of its data centers across India. Colt Data Center Services (DCS) is also planning an ambitious USD 1.3 billion-dollar investment in India which aims to set up two data campuses in Mumbai and Chennai with investment plans spread over the next 3-4 years.