Colt DCS to Invest Rs 8,500 Cr in Navi Mumbai Hyperscale Data Centre
Fidelity-backed Colt DCS is planning to set up a large hyperscale data centre in Navi Mumbai with an investment of around Rs 8,500 crore, making it a hyperscale and enterprise solution data centre campus.
Data CentreHyperscaleColt DcsFidelity InvestmentsIndiaReal Estate MumbaiJul 16, 2024
The move is part of Colt DCS's plan to set up such campuses across India's key markets over the next few years. The company had set up the existing data centre in Airoli with an investment of Rs 800 crore in the first phase, and the new development is expected to push total investments to nearly Rs 9,300 crore.
The entire campus will be developed in 3-4 phases, with each phase having a capacity of 30 MW. Once fully operational, the total capacity of the campus will exceed 125 MW. Colt DCS is in advanced talks to form an alliance with a realty developer to build the next phase.
The company has also earmarked around Rs 3,500 crore to set up a hyperscale data centre with a capacity of 80 MW in Chennai and has already acquired a 10-acre land parcel in Ambattur locality for around Rs 250 crore.
Information Established as the City of London Telecom in 1992 and acquired by Fidelity Investments in 2015, Colt DCS has 14 hyperscale data centre campuses across France, Germany, the UK, Japan, and now India. Colt DCS is a part of Colt Group Holdings, which is wholly owned by Fidelity but run independently and outside of Fidelity Investments.
Fidelity Investments is a leading global asset management firm that provides a range of investment solutions to individuals, institutions, and financial intermediaries.
India's growing digitisation has made data centres increasingly essential for various applications, including payments, gaming, and catering to the data needs of emerging trends like the metaverse and artificial intelligence (AI). The data centre industry in India is emerging as one of the most attractive growth opportunities for global investors and leading developers. Significant investments are flowing into this space, resulting in the creation of multiple new markets simultaneously and the rapid development of campus sizes found in the most established global cities worldwide.
The trend underscores the rising preference for India among global data centre companies, largely attributed to the stringent data localisation norms and the government's efforts to simplify data centre-related regulations. Additionally, a new submarine cable infrastructure connecting Mumbai and Chennai to Singapore, Southeast Asia, Europe, and West Asia will further position India as a more attractive location for data centre development, expansion, and investment in the coming years.
Frequently Asked Questions
What is the investment amount planned by Colt DCS in Navi Mumbai?
Rs 8,500 crore
What is the capacity of the new data centre to be set up in Airoli?
100 MW
How many hyperscale data centre campuses does Colt DCS have globally?
14
What is the estimated total investment in the data centre campus in Airoli?
Rs 9,300 crore
What is the capacity of the hyperscale data centre to be set up in Chennai?
80 MW
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