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  • Voltaire Staff

Adani group to invest Rs 50,000 cr in Maharashtra in building data centres

Adani Enterprises has partnered with Maharashtra government to invest Rs 50,000 cr in setting up data centres of 1 gigawatt capacity in about 10 years, the company said in a statement on Wednesday.


The agreement was signed at the World Economic Forum in Switzerland's Davos, where a gathering of World Economic Forum is underway.


According to the statement, the Maharashtra government "considers the proposed hyperscale project to be economically and socially beneficial to the state."


The data centre will be set up in either Mumbai or Navi Mumbai and Pune and will be powered by renewable energy.


The conglomerate said that it would invest in deemed distribution to support the infrastructure and has planned to invest over Rs 13,000 crore in the next three years in its data centre business.


The data centres are expected to provide employment to 20,000 people directly or indirectly.


Several companies, such as CapitaLand, AdaniConnex, CtrlS, NTT Data, STT, Equinix, and Web Werks, have established data centres in the recent past.


AdaniConneX, a business under the Adani Group, is a partnership with EdgeConneX. They currently have one operating data centre in Chennai, and two more are being built in Noida and Hyderabad.


India's Nationally Determined Contributions (NDCs) outline goals for reducing emissions and increasing renewable energy capacity.  


The Maharashtra government recently created a policy specifically for data centres where it grants infrastructure status to data centres. This has resulted in the state in general and Mumbai in particular attracting significant investments in this sector.


Besides being the financial capital of India, Mumbai has additional advantages like a robust power infrastructure, undersea cable landing station, and fibre connectivity.


Mumbai has transformed from having a small portion of renewable energy to becoming a global leader in adopting clean energy. Today, Mumbai's share of renewable energy exceeds that of many major cities worldwide.


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