India has experienced significant growth in the digital industry, with numerous companies and startups emerging in the digital development sector. In a recent development, The Web Werks – Iron Mountain Data Centers (IMDC) Joint Venture (JV), has announced the launch of its first data center (HYD-1) on its campus in Hyderabad, India. Located in the Kondapur region in Hyderabad, this is a Tier III-designed data center that can support up to 5.5MW of IT load within a 120,000 square feet facility.
The Web Werks – Iron Mountain Data Centers JV has undertaken major investments to create a ‘String of digital gems’ across India, that will enable customers to scale their digital transformation strategies by deploying critical infrastructure with a global data center provider.
The Web Werks-Iron Mountain Data Centers joint venture plans to invest around Rs 7,500 crore to set up data centers in India’s major cities. The projects are estimated to be completed by 2026, with most of the money funded in the forms of LRD (lease rental discounting)
Web Werks aims to take its total India capacity to 200MW from 40MW at present, and expand in cities like Mumbai, Bengaluru, Chennai, Hyderabad, and Noida. It currently has three data centers: Mumbai, the National Capital Region, and Pune. The data center builder and operator has already bought 11 land parcels in major cities and has invested $100 million (Rs 825 crore).
In 2021, the company entered into a strategic partnership with US-based enterprise information management services firm Iron Mountain, which has agreed to invest $150 million as equity in Web Werks over two years. The transaction allows Web Werks to accelerate its expansion plan. Data centers in India are emerging as the most attractive growth opportunity for global institutional investors and leading developers.
According to a report from commercial real estate services firm Colliers, India’s data center stock is likely to double to about 20 million sq ft by 2025 from the current 10.3 million sq ft. India currently has about 770 MW of data center capacity in its top seven cities.
