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Tag: Mumbai (page 1 of 2)

Techno Electric to invest $1B in setting up data centers in key Indian cities

Power infra firm Techno Electric and Engineering Company is planning to invest $1B in setting up data centers in key Indian cities. The Kolkata-based firm wants to build data centers backed by green energy in Kolkata, Mumbai, Chennai, and NCR. Two projects at Chennai and Kolkata are being developed currently, with a load capacity of 45-60MW each, and will together have around $340M investment of the total $1B planned.

Source: Communication Today

Data centers in metro cities in India must be rethought: Microsoft executive

India must rethink its policy of setting up data centres in metro cities, said Rahul Dhar, Microsoft’s Country Director, Data Centres. Speaking at an event organised by industry lobby organisation CII, he said that data centres suck a lot of power, and should be diversified in geographical locations, instead of concentrated in a few metros cities. Currently, over half the country’s data centre need is satisfied by Mumbai.

Source: ET Telecom

Maharashtra to incentivise IT Sector in Tier 2, 3 cities

Minister for IT Satej Patil has stated that the state govt is planning to incentivize the IT Sector and IT Projects in Tier-2 Tier-3 cities such as Nagpur, Amravati, Latur, Satara. This will reduce the burden on Maharashtra’s major IT hubs, Mumbai and Pune which have been at the forefront of the IT sector for the last decade. The govt also plans to launch a healthcare platform to connect public health centers, civic hospitals, and medical colleges in rural areas and cities.

Ascendas India to build its first-ever data center campus with 1,200 cr investment

Singapore-based Property Fund Trustee company Ascendas announced that it will invest about Rs 1,200 crore to develop a data center campus in India. The new data center campus will be located in Airoli and Navi Mumbai. With this new venture, the company is planning to tap into cloud service providers and large domestic enterprises. The campus will include two buildings and the first building will start operation by the year 2024.

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Capgemini building team in India to cater to 5G, Edge demand

Capgemini is building a team in India to cater to the growing demand of 5G, Edge computing in the country.  It has recently announced the opening of a 5G lab in Mumbai where clients can prototype and test their 5G implementation projects. 5G has become a focus area for Capgemini after the acquisition of Altran, a French engineering-consulting firm. Ashwin Yardi, India CEO of Capgemini said that there was an exponential rise in products and services being embedded with software.

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Indian data center sector requires investment of $3.7bn to meet demands by 2023

A JLL India study said that the Indian data center sector will require funds over $3.7bn by 2023 in order to meet the 6 mn sq. ft of greenfield development following the rising demand for digitalization. The sector, at present, can serve a capacity of 447MW which is expected to grow 1,007MW by 2023. Mumbai and Chennai will be contributing almost 3/4th of the sector’s total additional capacity. Hyderabad and Delhi NCR are rising as new hotspots.

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Flipkart, Adani join hands to build a massive warehouse, data centre

Flipkart and Adani Group join hands to build a Tier 4 data centre and 534,000 sq. ft. fulfilment centre. The centre will be set up at the Adani Logistics hub in Mumbai and will be operational in the Q3 of 2022. It will house 10 mn units of sellers’ inventory and offer direct employment to about 2,500 people. The data centre will be built at AdaniConnecX’s facility in Chennai. AdaniConnecX is a 50:50 joint venture of Adani Enterprises and EdgeConneX.

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Payments startup MobiKwik targets Mumbai IPO by Sept

One MobiKwik is planning an IPO before Sept to raise $200– $250 mn, at a valuation of around $ 1 bn. The digital payment startup is planning to process its first draft IPO prospectus by May in Mumbai. The Gurgaon-based firm also plans to have pre-IPO funding round at a valuation of about $700 mn. Founded in 2009, the company has received investment from Sequoia Capital and Bajaj Finance among others.

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