Mantra Data Centres (MDC), an independent data centre platform and wholesale colocation provider, has announced plans to invest $1 billion to develop data centres across India.
MDC says it will design, build and operate state-of-the-art data centre facilities with an initial IT load of 20MW in each of the key data hubs: Mumbai, NCR (Delhi), Chennai, Bangalore, Hyderabad and Kolkata.
The company has already signed MoUs with the Indian state governments of Maharashtra, Tamil Nadu and Karnataka for the development of data centres in Mumbai, Chennai and Bangalore.
As has been noted on a number of occasions, the total addressable Indian data centre market is estimated to surpass $8.5 billion by 2023; by that time more than half the development will come from third-party data centres.
Global investment in data centres announced in the first half of 2021 has reached approximately $100 billion, with India the largest single market outside the US.
Mantra Data Centres offers wholesale tailor-made colocation services focused on the Indian market. MDC offers physical infrastructure that is Tier III and IV-certified and powered by green energy, delivering reliability, security and modularity. These data centres are, says MDC, designed for faster deployment and cost efficiency to meet immediate needs, but they also permit future scalability.
Jaan M Chainani, MDC’s Co-Founder and Managing Director, said “Our aim is to help our customers grow seamlessly in the midst of the digitalization of India."
As well as massive digital growth in the country the requirements of the Data Residency Bill – that data needs to be stored locally – are likely to spur further data centre investments into India.