CapitaLand announces plans to invest Rs 6,200 crore in Telangana
This big investment comes just within four days after Amara Raja Batteries on December 2 announced to invest about Rs 9,500 crore over ten years in setting up a lithium cell Giga factory in Mahbubnagar district.
Hyderabad: Continuing its good run as an investment magnet, Telangana will soon see CapitaLand setting up a data centre of 36 MW with Rs 1,200 crore. The company also announced plans to double its office space in the city in the next 5-7 years with a potential investment of Rs 5,000 crore. The cumulative investment will be Rs 6,200 for the data centre and office space projects, said IT and Industries Minister KT Rama Rao.
This big investment comes just within four days after Amara Raja Batteries on December 2 announced to invest about Rs 9,500 crore over ten years in setting up a lithium cell Giga factory in Mahbubnagar district.
The Government of Telangana on Tuesday entered into a memorandum of understanding with CapitaLand India Trust Management, trustee-manager of CapitaLand India Trust (CLINT) for the development of a data centre at CLINT’s International Tech Park Hyderabad (ITPH) at Madhapur.
CLINT will develop the data centre in about 2,50,000 sq ft with latest cooling technologies and security. It will have a dedicated gas insulated substation within the site. It will be able to serve hyperscale players and large enterprises in the region. About Rs 1,200 crore will be deployed in the next three to five years on this project.
This apart, CLINT will also double its current office in Hyderabad over the next 5-7 years by entering new thrust sectors in infrastructure including logistics and solar power plants. Telangana will provide all support needed to CLINT in order to achieve the same. “Happy to learn that CapitaLand will double its current office space of 6 million sq ft in Hyderabad over the next 5-7 years with a potential investment of over Rs 5,000 crore,” Rama Rao said.
“I am 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. The State hopes to get CapitaLand’s infrastructure projects in logistics and renewable energy. It is a sign of confidence in the Hyderabad IT/ITeS journey to see CapitaLand plan to double their office space in Hyderabad over the next 5 years.”
“This is CLINT’s second data centre development project in India after the one in Navi Mumbai. CapitaLand Group has operated in the 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. Telangana is renowned for its ease of doing business, high quality infrastructure and investment-oriented initiatives. CLINT will strengthen its portfolio with new economy assets. Another two data centre projects are planned in two key markets,” said Sanjeev Dasgupta, Chief Executive Officer, CLINT.
“CapitaLand Group has built competencies in data centre design, development and operations, with 25 data centres across Asia and Europe. We are excited to embark on our second data centre project in India. The project reinforces our commitment to becoming a strategic data centre operator in India,” said Patrick Boocock, CEO, Private Equity Alternative Assets, Real Assets, CapitaLand Investment.
