G NOIDA: JAPAN FIRM TO SET UP DATA CENTRE WITH INVESTMENT OF ₹1,000 CRORE

GREATER NOIDA: Greater Noida is set to become home to two data centres as a Japanese firm has bought six acres of land to set up a mega project in Sector Techzone-iv of Greater Noida West.

The firm, NTT, will invest ₹1,000 crore for the data centre which will require a power supply of 70 megawatts (MW), said officials.

Before this, another investment for a data centre project had come from YOTTA Infrastructure, a subsidiary of the Mumbai-based Hiranandani Group. In this 250 Mw-capacity data centre, YOTTA will make an investment of ₹6,000 crore in Sector Knowledge Park 5. The company has 20 acres of land allotted for this project.

The authority hopes that these two investments will help lure other domestic and international investors for It-enabled services in the city.

“The project coming to Greater Noida is a huge success for us as it will bring big opportunities with it. It will create jobs and help us get more investment in this industrial town,” said Deep Chandar, additional chief executive officer, Greater Noida authority.

According to the authority, the YOTTA project will have a 240 megawatt capacity facility with 25,000 racks across six towers. Officials of YOTTA Infrastructure were not available for comment.

“These data centres will be operational by 2022. Once completed, Greater Noida will emerge as a hub of data centres in the country. These centres will store data of different social networking sites,” said Chandar.

These two projects are set to create at least 1,500 jobs, said the officials.

YOTTA had applied for the project on October 15. “The project is a huge success for Uttar Pradesh and it will bring investment in this region,” developer’s promoter Niranjan Hiranandani had said on October 15. He is also the president of national real estate development council and ASSOCHAM.