Adani Group inks Rs 50,000 cr deal with Maharashtra for data centers

At the World Economic Forum in Davos, Adani Group and the government of Maharashtra inked a Memorandum of Understanding (MoU), signaling a colossal investment of Rs 50,000 crore over the next decade. The ambitious project aims to establish a formidable 1 GW capacity of hyperscale data center infrastructure in the state.

The chosen locations for these state-of-the-art data centers are Pune and Mumbai or Navi Mumbai, capitalizing on the thriving tech ecosystem in these regions. A noteworthy aspect of this initiative is the commitment to sustainability, as the data centers will be exclusively powered by renewable energy sources, aligning with global environmental goals.

This landmark agreement is not only a technological leap but also a significant boost to employment, with projections indicating that it will generate job opportunities for approximately 20,000 individuals, both directly and indirectly. The Adani Group emphasized its commitment to further bolstering the project by making deemed distribution investments to fuel the essential infrastructure.

The Maharashtra government's recent formulation of a comprehensive data center policy has strategically positioned the state as a magnet for substantial investments in the sector, particularly in Mumbai. Leveraging its status as the financial capital and business hub, Mumbai boasts essential advantages, including robust power infrastructure, undersea cable landing stations, and fiber connectivity.

Several prominent companies have already established their data centers in the region, affirming its attractiveness to the tech industry. Notable names include CapitaLand, AdaniConnex, TRIS, NTT Data, STT, Equinix, and Web Werks, forming a burgeoning tech ecosystem.

In a statement, the Adani Group highlighted the Maharashtra government's keen interest in promoting information technology-related infrastructure and services. The government believes that the establishment of these hyperscale data centers will not only contribute significantly to the state's economic growth but will also have positive social ramifications. This visionary partnership sets the stage for Maharashtra to become a prominent player in the evolving landscape of information technology and data services.

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Adani Group inks Rs 50,000 cr deal with Maharashtra for data centers

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