fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home AI & Big Data

Ascendas India Trust to invest $161m for phase one of first India data centre campus

Team AsiaTechDaily by Team AsiaTechDaily
05 July 2021
in AI & Big Data, Featured
0
Ascendas

Artist impression of Ascendas India Trust’s first data centre campus in India.

18
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Singapore-listed Ascendas India Trust (a-iTrust), the first Indian property trust in Asia, is developing and operating phase one of its first data centre campus in India with an estimated 12 billion rupees ($161 million) investment.

In a statement, Ascendas Property Fund Trustee Pte Ltd, the trustee-manager of a-iTrust, said phase one of the data centre campus project involves the construction of a building that will have a built-up area of about 325,000 square feet.

The data centre campus will comprise two buildings, with the first building expected to be ready by the second quarter of 2024.

The campus will sit on a 6.6-acre greenfield site that will be developed in phases into a fully-fitted data centre campus with a total potential built-up area of up to 575,000 square feet and 90 megawatts of power.

The data centre campus is expected to host a variety of customers, including global technology giants and cloud service providers, as well as large domestic enterprise clients.

“Our entry into the data centre sector in India will diversify a-iTrust’s portfolio into an attractive and highly scalable asset class. India has the fastest-growing digital economy in the world,” said Sanjeev Dasgupta, CEO of the trustee-manager of Ascendas India Trust.

Demand for data centres in India is rising due to improving technology infrastructure and increasing adoption of new technologies like 5G, artificial intelligence, cloud, and the Internet of Things.

These factors are expected to result in an expansion of India’s total data centre capacity at a compound annual growth rate of 31% to 1,007 MW by 2023, according to the announcement.

The data centre campus site that a-iTrust is acquiring is situated in a prime location along Thane-Belapur Road, easily accessible from Mumbai city via the Eastern Express Highway.

Navi Mumbai has emerged as a preferred data centre location since it offers proximity to sea cable landing stations, larger land parcels with clear title, abundant and scalable power, developed infrastructure, and seamless vendor-neutral network connectivity.

“When it is fully developed, the data centre campus will have an overall capacity to host approximately 8,500 racks and operate at an efficient power usage effectiveness of approximately 1.4,” according to the announcement.

a-iTrust’s portfolio comprises seven world-class IT business parks and one logistics park in India, namely the International Tech Park Bangalore; International Tech Park Chennai and CyberVale in Chennai; International Tech Park Hyderabad, CyberPearl, and aVance in Hyderabad; and aVance in Pune and Arshiya warehouses near Mumbai.

Tags: a-iTrustAscendas India TrustData Centre Campus
Previous Post

Workforce management platform Workmate secures $10m loan from Lendable

Next Post

Locad, a PH-based logistics, supply chain management startup, nets $4.9m

Related Posts

edit post
Auros
Featured

Trading platform Auros receives $17m in latest funding round

March 27, 2023
edit post
Gaspack
Featured

Gaspack scores additional funding from eMerge, Arise

March 27, 2023
edit post
Korean startup AITest.AI has established itself as a market leader in training to meet the growing demand for education in AI system testing. Recently, AITest.AI launched an innovative AI-testing training course on Udemy, a global e-learning platform, and has attained the topmost position in this field.
AI & Big Data

AITest.AI Emerges as Global Leader in Artificial Intelligence System Testing Training

March 28, 2023
edit post
PhonePe
Featured

Indian fintech PhonePe raises $200m more from Walmart

March 21, 2023
edit post
Antler
Featured

Antler to invest in over 30 startups in Indonesia this year

March 21, 2023
edit post
WeBudding
Content & Games

Korean startup WeBudding partners exclusively with the most popular free app Goodnotes 5 to provide Korean digital stationery content to users globally

March 17, 2023
Next Post
edit post
Locad

Locad, a PH-based logistics, supply chain management startup, nets $4.9m

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback