STT GDC India to establish data centres in the state of Uttar Pradesh
STT GDC India has signed a memorandum of understanding (MoU) with the Government of Uttar Pradesh to establish data centres in the state of Uttar Pradesh with a total estimated proposed investment of around Rs. 4100 crores. The decision to expand in Noida is driven by the continuing rapid growth in the Indian data centre industry supporting the massive digital transformation that the country is experiencing. The promise of Noida emerging as a new Data Centre hub is well supported by progressive policy impetus at both the Central and State governments.
Under the MOU, the planned investment would take place over multiple phases in the next 5 to 10 years in infrastructure build and operations, subject to demand trajectory, policy support and techno-commercial viability. The project proposes employment (direct & indirect), with more than 2000 people and a host of ecosystem benefits.
Sumit Mukhija, CEO, STT GDC India, "We are extremely proud and happy that the Company has entered into this MoU with the UP government. STT GDC India has signed MoUs with the Govt of UP for its investment outlook comprising 2 data centre parks in Noida/Gr Noida including our ongoing project in sector 143, Noida. Further, an additional regional data centre unit in Lucknow will aid the growth of digital infrastructure to support economic growth in other parts of the state. We applaud the recent amendments to UP's Datacenter policy, a highly encouraging and optimistic indicator about the sector's potential. Under the leadership of our Hon'ble Chief Minister, a number of proactive efforts to strengthen this industry through an enabling policy framework and other proactive measures have been undertaken. STT GDC India is honored to participate in the ongoing #UPGlobal Investors Summit 2023 in Lucknow. We look forward to continually strengthening our strategic partnership with the state.”
He further added, “STTGDCI's investments in the state of UP have been upsized to INR 4100 cr given the evident demand and bolstered by the progressive policy framework which has adapted to industry requirements and the very investor friendly environment promoted by the state government. The company today, is the largest Datacenter colocation services provider in the country with more than 200MW of Design Capacity in terms of IT load, spanning across 21 facilities (including under construction) in 9 cities totalling more than 3 Mn sqft of Gross floor area. Since 2015, our design capacity has grown 5X, revenue by more than 3X and we have done this profitably with an equal growth in EBITDA.”
As a leader in the data centre colocation market, STT GDC India has always believed in pioneering initiatives that add value to the ecosystem. Skilled manpower has been a persistent challenge faced by the industry that needs to be addressed. Our Centre of Excellence in Bengaluru is a vital step in that direction. The purpose of this Experience Centre at Centre of Excellence is to provide a platform for interested candidates to up-skill in alignment with industry requirements complete with practical learning opportunities, thereby enabling them to increase their employability quotient. It is the company’s premier initiative under its CSR activities and is aimed at providing career pathways for local students and upskilling industry talent to bridge the skill gap.
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