California-headquartered Google is at present doing due diligence for the leasehold land parcel owned by the Maharashtra Industrial Growth Company (MIDC). Lease rights of the plot that have been initially allotted to Herdillia Chemical substances are at present with Pune-based Gramercy Commerce Industries.
The potential deal is estimated at round Rs 850 crore given present property charges within the neighborhood and MIDC’s switch fees, mentioned the folks cited above.
“The transaction is at a sophisticated stage and will get concluded anytime quickly. The proposed captive knowledge centre could have a capability of a few hundred megawatts given the big measurement of the land parcel,” mentioned one of many individuals cited above.
Whereas Google has inked just a few offers to lease area at colocation knowledge centres in Navi Mumbai and Noida, this would be the first knowledge centre to be developed by the corporate.
E mail queries to Google remained unanswered, whereas Gramercy Commerce Industries declined to remark.
Tech giants like Google, Microsoft and Amazon are establishing hyperscale knowledge centres in India to take advantage of this fast-growing market accelerated by a post-pandemic surge in digitalisation.
“The pattern of world cloud companies buying and constructing their very own knowledge centres has been seen because the final couple of years. World swing in the direction of digitisation submit Covid has accentuated it,” mentioned Vivek Dahiya, MD & head – Asia Pacific, knowledge centre at Cushman & Wakefield.
In keeping with him, strong submarine cable infrastructure linking Mumbai and Chennai to Singapore, Southeast Asia, Europe, and the Center East, has been serving to place India as a extra enticing Asia-Pacific location for knowledge centre growth, growth, and funding.
With a inhabitants of over 1.4 billion, the world’s fifth-largest financial system and an increasing deal with digital supply of providers, India represents a key market alternative to increase protection, capability, and connectivity choices for the world’s high service suppliers in addition to native and international enterprise clients.
Information centre demand in India is anticipated to develop at a strong tempo, pushed by quickly rising knowledge consumption, the digitization of the financial system, the onset of 5G and knowledge localisation tendencies. As well as, 5G-led progress in over-the-top (OTT) video streaming, on-line gaming, augmented actuality, and digital commerce is anticipated to drive knowledge utilization.
Rising desire for India amongst international knowledge centre majors can also be linked to knowledge localisation norms and the federal government’s push to simplify guidelines, offering needed clearances and infrastructure in a time-bound method.
