CapitaLand to invest ₹6,200 cr on data centre, additional office space in Hyderabad
The Hindu
KTR says State can work with it to also get projects in logistics, renewable energy
CapitaLand India Trust (CLINT) will invest ₹6,200 crore over the next 5 to 7 years in Hyderabad to establish a data centre, with 36 MW of power capacity, and on doubling its office space.
Industries and IT Minister K.T.Rama Rao’s office announced on Tuesday after CapitaLand India Trust Management Pte. Ltd., the trustee-manager of CLINT, signed an MoU with the State government for development of the data centre at CLINT’s International Tech Park Hyderabad, located at Madhapur here.
The investment on the data centre is estimated to be ₹1,200 crore and would be made over next 3 to 5 years.
CLINT, which was formerly known as Ascendas India Trust, will leverage CapitaLand Group’s data centre expertise to develop the facility, with a built up area of 2,50,000 sq ft and 36 MW of power capacity. Its technologically advanced specifications and sustainability-focussed development will allow the facility to serve hyperscale players and large enterprises in the region.
Industries and IT Secretary Jayesh Ranjan and members of CLINT management exchanged the MoU documents in the presence of the Minister.
The second component of the investment proposed will be on expansion of office space in Hyderabad. The plan is to double the office space from existing about 6 million sq ft with an investment of ₹5,000 crore over the next five years. CLINT is also looking to expand its portfolio in the State by entering other new thrust sectors in infrastructure, including logistics and solar power plants.
“Hyderabad is one of the fastest growing data centre markets in India and CapitaLand’s investment adds to the pace we look to keep up,” the Minister said.
The All-India level NEET examination was started a few years ago to counter complaints of corruption during the joint entrance examinations held at the State level. AIDSO had warned the authorities that the solution to the menace of corruption was not changing the examination system, but to investigate the corruption and punish the guilty.
Kerala Assembly: UDF stages walkout over scarcity of Plus One seats in six districts in North Kerala
Kerala Assembly: UDF walks out over scarcity of Plus One seats in six districts in North Kerala