More than 13 firms, including both Indian and international firms, have expressed a great deal of interest in setting up Data Centres in the city of Noida in Uttar Pradesh, India. The firms are ready to invest a total of more than ₹22,000 Crores.
The major investors of the project include the Adani Group, the Hiranandani Group, Indospace Capital Advisors, NTT Global Data Centres from the UK along STT GDC from Singapore.
Among all the top investors, the Hiranandani Group is the one to invest the most in this group project with almost ₹6,000 Crores. With the major investment, the next up is the Adani Group, which is in the process of setting up two centers of 50MW each, whose combined investment will be ₹4,900 Crores. Third in the top list of investors is Indospace Capital Advisors with the investing capacity of ₹1,500 Crores, followed by the International companies of NTT Global Data Centres from the UK, investing ₹1,500 Crores too and then Singaporean STT GDC with an investment of ₹1,100 Crores.
Along with the companies mentioned above, other companies like Brookfield Asset Management, Canada, Sify Technologies, CTRLS Data Centres, WebWorks, RBDC Pte, Singapore, and Mantra Data Centres, Spain, have also promised investments and helps in making the project a success.
Jones Lang LaSalle Incorporated (JLL), a United Kingdom-based global commercial real estate service company with offices in over 80 countries said in a report titled ‘2020 India Data Centre Market Update’, that it is expected of the NCR-Delhi to emerge as a new data center hotspot as the IT demand from the government seems to increase in the future.
As per the situation today, most of the Data Centres and Hubs of the companies are based in the cities of Mumbai, Chennai, NCR, Bengaluru, and Hyderabad.
The report in which JLL gave a statement said- “As the data center landscape continues to evolve, the industry is expected to grow exponentially to reach 1,007 MW by 2023 from its existing capacity of 447 MW,” it said, adding that with the growing reliance on digital connectivity, demand is likely to ramp up further due to the imminent rollout of 5G rollout, IoT-linked devices, data localization, and cloud adoption. “India’s data center sector will require an investment of $3.7 billion over the next three years to fulfill the 6 million sq. ft. greenfield development opportunity for the industry.”
Jones Lang LaSalle Incorporated (JLL) is a United Kingdom-based global commercial real estate service company. It currently has offices in around 80 countries.