Mumbai, February 6: Metropolitan cities like Chennai, Mumbai and Hyderabad set to get large scale data centres in coming five years. Singapore-based office space solutions provider Ascendas-Singbridge Group plans to invest $1 billion to build large-scale data centres in Chennai, Mumbai and Hyderabad, according to official sources.
It hopes to cater to the requirements of hyper-scale cloud providers, such as Alibaba, Amazon, Google, Microsoft, Oracle and other IT majors that are looking for mega-sized purpose-built data centres in India, which are currently not available.
Hyper-scale data centres in Tamil Nadu will spur the growth of commerce, Internet of Things (IoT) adaptation and digital transformation of Indian cities into smart cities.
Official sources said construction and operation of large-scale data centres will generate huge benefits, including job creation in information technology, manufacturing and service industries, purchase of telecom bandwidth and acceleration of e-commerce growth.
According to market monitor and forecast company 451 Research, India’s collocation and hosting market can generate an annual revenue of $2 billion by 2019, up from $1.3 billion in 2016 with most of the growth focussed on Mumbai, Chennai, New Delhi and Bangalore.