Sunday, Dec 10 2023 | Time 04:08 Hrs(IST)
Business Economy

CLINT to develop data centre in Hyderabad with INR 1,200 cr investment

Hyderabad, Dec 6 (UNI) CapitaLand India Trust (CLINT) on Tuesday announced that it would develop a data centre at its International Tech Park Hyderabad (ITPH) in Madhapur here with an investment of Rs 1,200 crore.
Telangana Government signed a Memorandum of Understanding (MoU) with CapitaLand India Trust Management PTE Limited, trustee-manager of CLINT for the development of a data centre at the Tech Park.
The MoU was signed by Telangana Principal Secretary of Information Technology Jayesh Ranjan and CLINT Management in the presence of Minister for IT K.T. Rama Rao.
CLINT will leverage CapitaLand Group’s data centre expertise to develop the ITPH data centre which will have a built-up area of 250,000 sq. ft and 36 Megaqatts (MW) of power capacity.
It will incorporate the latest technologies in cooling and security, as well as a dedicated gas insulated substation within the site. Its technologically advanced specifications and sustainability-focused development will allow it to serve hyperscale players and large enterprises in the region.
The project is estimated to entail an investment of INR 1,200 Crore (S$210 million) to be deployed in the next 3 to 5 years.
Speaking on the occasion, CLINT stated that the current total office space they hold in Hyderabad of approximately 6 million sq.ft. will double over the next 5 years with a further investment of approximately Rs 5000 Crore.
CLINT is also looking to expand its portfolio in Telangana and Hyderabad by entering other 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.
On the occasion, KTR said: “I am very happy to see CapitaLand invest in Telangana.
Today, 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.
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 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,” the Minister added.
Mr 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.
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," Boocock added.
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