Eying the rapid digitization and rising penetration of Internet even in the remotest regions of the country has led the top tech giants to set up base in the country. The latest example is Google that has taken up 3.18 lakh sq ft space on lease in Navi Mumbai in order to set up a major data center by 2025. A report by SURFACES REPORTER (SR).
Date Centers- a global investment opportunity
Data Centers have already emerged as one of the most lucrative opportunity for the global investors. While this may be a new segment, the investment has been continuously flowing in the same on account of rapid digitalisation, spreading 5G Network and penetration of internet and access of IoT based devices even in the remotest parts of the country.
Recently, Digital Edge, Singapore-based data center platform has set up its maiden data center in the country and has acquired 47 acre land parcel in Thane, Mumbai. Following the same suit, tech giant Google has now signed a deal with Raiden Infotech India to set up a data centre spread over 381,000 sq ft in Navi Mumbai through a lease of 28 years.
Google, a segment of Alphabet Inc will pay Rs 1,144 crore over first 10 years with a rental escalation of 1.75 per cent every 12 years. Earlier, it had acquired a 464,000 sq ft facility at Adani Centre in Noida on a 10-year lease. The proposed data center will be an eight storey structure with a basement and roof to be developed in 24 months.