Singapore-based Ascendas India Trust, which develops IT and logistics parks in India, on Monday said it will invest an estimated Rs 1,200 crore to develop the first phase of its first data centre project in the country.
The project is located at Airoli, a growing data centre hub in Navi Mumbai, according to a statement posted on the company’s website. Ascendas Property Fund Trustee Pte Ltd, the trustee-manager of Ascendas India Trust (a-iTrust), said that “it will invest an estimated Rs 12 billion (Singapore dollar 216.6 million) to develop and operate phase one of its first data centre campus on a prime site in India”.
The 6.6-acre greenfield site will be developed in phases into a fully-fitted data centre campus with a total potential built-up area of up to 5,75,000 square feet and 90 megawatts (MW) of power. The company will target customers such as global technology giants and cloud service providers, as well as large domestic enterprise clients.
