CLINT to invest Rs.6,200 cr for a data centre in Hyderabad
The project is estimated to entail an investment of roughly Rs 6,200 crores, which would be made over the course of the next three to five years
HYDERABAD: The Telangana state government and CapitaLand India Trust Management Pte. Ltd., trustee-manager of CapitaLand India Trust (CLINT), on Tuesday signed a Memorandum of Understanding (MoU) for the development of a data centre at CLINT's International Tech Park Hyderabad (ITPH), Madhapur.
The MoU was signed by Jayesh Ranjan IAS, Principal Secretary for ITE&C, Industries and Commerce Departments for Telangana, and CLINT Management in the presence of KT Rama Rao, Minister for Information Technology, Industries, and MA&UD.
CLINT would use CapitaLand Group's data centre expertise to build the ITPH data centre, which will have a built-up area of 250,000 square feet and a power capacity of 36 megawatts (MW). The facility would include cutting-edge cooling and security technologies, as well as a dedicated gas-insulated substation on-site.
The data centre, with its cutting-edge technical specifications and development that prioritises sustainability, would be able to support regional hyperscale players and large businesses. The project is estimated to entail an investment of roughly Rs 6,200 crores, which would be made over the course of the next three to five years.
On this occasion, the Minister for IT, MA&UD, and Industries, K. T. Rama Rao said: "I am very happy to see CapitaLand invest in Telangana. Today, Hyderabad is one of the fastest growing Data Center markets in India and CapitaLand's investment adds to the pace we look to keep up. I hope to continue this relationship and hope the state can work together with CapitaLand to get not only Data Center investments, but also other IT/ITeS infrastructure projects to fuel the ever-growing IT industry in the state."
Sanjeev Dasgupta, Chief Executive Officer, CLINT said: "This is CLINT's second data centre development project in India, following our entry into India's data centre market by acquisition of a greenfield data centre development site in Navi Mumbai in 2021. CapitaLand Group has operated in the State of Telangana for almost two decades. CLINT owns and manages three business parks in Hyderabad – ITPH, CyberPearl and aVance – aggregating to 3.8 million sq ft and catering to close to 70 global organisations and over 30,000 professionals. Located within Hyderabad, Telangana is renowned for its ease of doing business, high quality infrastructure and investment-oriented initiatives. CLINT will continue to strengthen our portfolio with high quality new economy assets, with another two data centre projects planned in two key markets to diversify the portfolio and create value for our shareholders."
Patrick Boocock, CEO, Private Equity Alternative Assets, Real Assets, CapitaLand Investment said: "Over the last few years, CapitaLand Group has rapidly built strong competencies in data centre design, development and operations, with 25 data centres across Asia and Europe that will offer more than 500 MW of power on a completed basis. We are excited to embark on our second data centre project in India with CapitaLand India Trust as we expand our data centre business globally. Our latest Hyderabad project will incorporate state-of-the-art technology, with sustainability being a key consideration in its design and development. The project reinforces our commitment to becoming a strategic data centre operator in India."