CLOUD & DATA CENTER

STT GDC India Signs MoU with Karnataka Government

To invest and spend Rs 1,500 cr on data centres over the next 8-10 years in Karnataka

4th November 2022:  STT GDC India has signed a memorandum of understanding (MoU) with the Government of Karnataka. The planned investment aims to establish data centres in the state of Karnataka with a total estimated proposed investment of around Rs. 1,500 crores. It is planned to happen over multiple phases in the next 8 to 10 years and will generate employment (direct & indirect), with up to 1,000 people during the construction phase and 200 more when operational.

The MoU was signed during the inaugural ceremony of Invest Karnataka 2022 – Global Investment Meet.

STT Global Data Centres India Private Limited, also known as STT GDC India, is a data centre services provider with 215MW of Design Capacity in terms of IT load, spanning 21 facilities (including under construction) in 9 cities. Headquartered in Mumbai, it offers a wide-ranging portfolio of services that include colocation services, carrier-neutral services and technical support services such as installation, networking, and monitoring.

The MoU was signed by Sumit Mukhija, CEO of STT GDC India, in the presence of Additional Chief Secretary to Government, Commerce & Industries Department, Dr. E.V. Ramana Reddy. The event was joined by other dignitaries, Hon’ble CM, Sri Sajjan Jindal, Chairman JSW Group, Sri Rajeev Chandrasekhar, and Hon’ble Union MOS for Skill and Development.

Sumit Mukhija, CEO, of STT GDC India, “Karnataka currently contributes $100-110 billion to India’s digital economy. Under the leadership of our Hon’ble Chief Minister, Karnataka has been the frontrunner in post-COVID investments in the country and has shown how states can adopt and rebuild economies in the ‘new normal’. The department is committed to providing all support to tap the full potential of Beyond Bengaluru clusters in Karnataka.”

“STT GDC India is today, the largest Datacenter colocation services provider in the country with more than 215MW of Design Capacity in terms of IT load, spanning across 21 facilities (including under construction) in 9 cities totalling more than 3 Mn sqft of Gross floor area. Since 2015, our design capacity has grown 5X, revenue by more than 3X and we have done this profitably with an equal growth in EBITDA.”, he adds.

India is set to create up to $1 trillion in economic value from the digital economy by 2025. STT GDC India is committed to playing a significant role in the Digital India mission by building world-class data centres and supporting Prime Minister Narendra Modi’s vision of making India a $1-trillion digital economy by 2025, he added. As a leader in the data centre colocation market, STT GDC India has always believed in pioneering initiatives that add value to the ecosystem. Skilled manpower has been a persistent challenge faced by the industry that needs to be addressed. The Centre of Excellence in Bengaluru has provided a platform for and has already trained 200 candidates, to up-skill and in alignment with industry requirements complete with practical learning opportunities, thereby enabling them to increase their employability quotient.

See also: PhonePe’s Green Data Center Breaks PUE Record with Indigenous Immersion Cooling Solution

Brian Pereira

Brian Pereira is an Indian journalist and editor based in Mumbai. He is the Founding Editor of Digital Creed, which he founded in 2015. A technology buff, former computer instructor, and software developer, Brian has 28 years of journalism experience (since 1994). He is sound and confident about his knowledge of business technology concepts. And he is a believer in continual education/learning. Brian is the former Editor of CHIP and InformationWeek magazines (India). He has written hundreds of technology articles for India's leading newspaper groups such as The Times of India and Indian Express Newspapers (among others). And he has conducted more than 300 industry interviews during his journalism career. Brian also writes on Aviation, cybersecurity, startups, and topics directed at small and medium businesses. He achieved certifications from the EC-Council (Certified Secure Computer User) and from IBM (Basics of Cloud Computing). Apart from those, he has successfully completed many courses on Content Marketing and Business Writing. Follow Brian on Twitter (@creed_digital) and LinkedIn. Email Brian at: [email protected]

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