CapitaLand India Trust and Telangana Govt Sign Data Center Deal - News

CapitaLand India Trust Management Pte Ltd, the trustee-manager of CapitaLand India Trust (CLINT), has signed a Memorandum of Understanding (MoU) with the Telangana Government to build a data center at CLINT's International Tech Park Hyderabad (ITPH), Madhapur. The project is expected to cost roughly '1200 crore (US$ 210 million) and will be implemented over the next 3 to 5 years. CLINT will use CapitaLand Group's data center expertise to develop the ITPH data center, which will have a built-up area of about 250,000 sqft and a power capacity of 36 megawatts (MW).

In this context, KT Rama Rao, IT, handlooms and textiles Minister of Telangana, remarked, "Hyderabad is one of the fastest-growing data centre markets in India, and the investment contributes to the pace we look to keep up. I aim to extend this connection and hope that the state and CapitaLand can collaborate to secure not only data center investments, but also additional IT & IT Enabled Services infrastructure projects to feed the state's ever-growing IT industry."