CapitaLand India Trust signs MoU with Telangana Government to establish data centre in Hyderabad
The 36-megawatt power data centre will be developed at International Tech Park Hyderabad in Madhapur
Singapore, 6 December 2022 – CapitaLand India Trust Management Pte. Ltd., trustee-manager of CapitaLand India Trust (CLINT), has signed a Memorandum of Understanding (MoU) with the Telangana Government to develop a data centre at CLINT’s International Tech Park Hyderabad (ITPH), located at Madhapur. The MoU was signed by Indian Administrative Service (IAS) member Shri Jayesh Ranjan for Telangana and CLINT Management and exchanged in the presence of Shri K.T. Rama Rao, Minister for Information Technology (IT), Industries and MA&UD1.
CLINT will leverage CapitaLand Group’s data centre expertise to develop the ITPH data centre which will have a built-up area of approximately 250,000 sq ft and 36 megawatts (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 will allow it to serve hyperscale players and large enterprises in the region. The project is estimated to entail an investment of approximately INR1,200 Crores (S$210 million) to be deployed in the next 3 to 5 years.
On the occasion, the Hon’ble Minister for IT, MA&UD, and Industries, Shri K.T. Rama Rao said: “I am very happy to see CapitaLand India Trust invest in Telangana. Today, Hyderabad is one of the fastest growing data centre markets in India and the 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 centre investments, but also other IT and IT Enabled Services infrastructure projects to fuel the ever-growing IT industry in the state.”
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 been operating 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. Located within Telangana, Hyderabad is renowned for its ease of doing business, high quality infrastructure and investment-oriented initiatives.”
CLINT will continue to strengthen our portfolio with high quality new economy assets, with another two data centre projects planned in two key markets to diversify the portfolio and create value for our shareholders.
Mr Surajit Chatterjee, Managing Director, Data Centre, India, 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 CapitaLand India Trust’s second data centre development as we expand our data centre business globally. Our latest Hyderabad project will incorporate state-of-the-art technology and the project reinforces our commitment to becoming a strategic data centre operator in India.”
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1 Municipal Administration & Urban Development