Hiranandani to invest ₹15,000 crore to develop data centre parks

A week after the Adani group announced plans to enter the data centre space with ₹70,000 crore investment plan, another Mumbai-based real estate developer Hiranandani launched a new data center business called Yotta.

Getting on a triple digit growth in the data centre space in India, Hiranandani group is looking to invest about ₹15,000 crore over the next 5-7 years in setting up data centres in Mumbai, Panvel and Chennai.

Speaking to BusinessLine, Niranjan Hiranandani, Founder and Managing Director at Hiranandani Group said, “The fault is Prime Minister Narendra Modi who said he wants a digital India. He wants Make in India, he wants data to be located in India and a $5 trillion economy. If you put these together, the data centre space that has grown over 100 per cent year-on-year in the last two years, will grow at the same pace in the next five years.”