India's Data Centre Boom: Fidelity-backed Colt DCS to Invest Rs 8500 cr in Navi Mumbai Hyperscale Data Centre
Colt DCS plans to set up a 100 MW hyperscale data centre in Navi Mumbai with an investment of Rs 8,500 crore, marking a significant expansion of its operations in India.
Hyperscale Data CentreFidelity InvestmentsColt DcsNavi MumbaiData Centre IndustryIndiaDigitisationReal Estate MumbaiJul 16, 2024
The move is part of Colt DCS's strategy to set up hyperscale and enterprise solution data centre campuses across India's key markets over the next few years. The company's existing data centre in Airoli was set up 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 currently in advanced talks to form an alliance with a realty developer to build the next phase.
In addition to the Navi Mumbai project, Colt DCS has also earmarked around Rs 3,500 crore to set up a hyperscale data centre with a capacity of 80 MW in Chennai. The company has already acquired a 10-acre land parcel in Ambattur locality for around Rs 250 crore for the same.
Colt DCS's phased approach to development is aimed at ensuring a scalable and efficient build-out, allowing for gradual increases in capacity to meet growing demand. The company's expansion plans in India are well-timed, given the country's growing digitisation and the increasing importance of data centres.
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.
India's data centre industry 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.
Information
Fidelity Investments is a global investment management company that provides a range of financial services to individuals, institutions, and governments. Colt Group Holdings is a leading provider of network and data centre services, with operations in Europe, Asia, and North America.
Colt Data Centre Services (Colt DCS) is a global data centre solutions firm that provides hyperscale and enterprise solution data centre campuses across key markets worldwide. The company is backed by Fidelity Investments and has 14 data centre campuses across France, Germany, the UK, Japan, and India.
Frequently Asked Questions
What is the investment amount for Colt DCS's new hyperscale data centre in Navi Mumbai?
Rs 8,500 crore
What is the capacity of Colt DCS's existing data centre in Airoli?
Nearly 25 MW
What is the total investment amount for Colt DCS's data centre campuses in Navi Mumbai and Chennai?
Nearly Rs 12,800 crore
What is the driver behind the growth of India's data centre industry?
India's growing digitisation and the increasing importance of data centres
What is the significance of the new submarine cable infrastructure connecting Mumbai and Chennai to Singapore, Southeast Asia, Europe, and West Asia?
It will further position India as a more attractive location for data centre development, expansion, and investment in the coming years
Tags:
Related News Articles
Pune District Requests GSI Survey After Cracks in Hills and Landslides
Pune district administration has asked the Geological Survey of India (GSI) to conduct a survey of the hills in the region after cracks were reported in some areas.
Ajman Ruler Inspects Expansion of Ajman Hotel Project
His Highness Sheikh Humaid bin Rashid Al Nuaimi, the Ruler of Ajman, recently visited the site of the Ajman Hotel expansion project. The project, managed by Ajman Real Estate Corporation (Aqar), includes the construction of 13 new villas, 12 suites, swimm
Mumbai’s Coastal Road Extension: A Game-Changer for Connectivity
This ambitious project aims to significantly improve connectivity across Mumbai and its surrounding areas, tackling the city's chronic traffic congestion and enhancing travel efficiency.
Pune's Kasba Residents Push for Redevelopment Near Shaniwarwada
Residents of Kasba, a historic area near Shaniwarwada in Pune, are urging for redevelopment to improve the deteriorating conditions of structures and enhance the overall living environment. Immediate action is needed to prevent further degradation.
Arbor Realty Trust: Navigating the Challenges in Commercial Real Estate Lending
Arbor Realty Trust, a leading commercial real estate lender, faces significant challenges in the current market. This article delves into the company's SWOT analysis, highlighting its strengths, weaknesses, opportunities, and threats.
Tragic End: Cashier Takes Own Life in Sangareddy After Alleged Theft
In a shocking incident, a cashier accused of theft in Telangana's Sangareddy took his own life by touching a live electric wire. The incident has left the community in disbelief and has raised questions about the handling of the case.