Japan-based NTT plans ₹1,000-cr data centre in Noida

Japanese technology giant, NTT Ltd. has acquired a 6-acre land parcel in Greater Noida to set up a data centre involving an investment of ₹1,000 crore. This is the second transaction after Mumbai-based Hiranandani Group's Yotta Infrastructure said it set up a 20-acre data centre park in Greater Noida at an investment of ₹7,000 crore. NTT Ltd. had earlier said that it would invest about $2 billion over the next four years to expand its data centre business in India. NTT's Global Data Center division launched a new data centre in Mumbai, expanding its capacity in the country by 30%. The company, which had earlier acquired local data centre firm Netmagic currently operates 10 data centres across four major cities, with over 1.5 million sq ft and over 150 MW of power generation. It plans to double the data centre capacity in the next two to three years. The UP government is also formulating a policy to attract data centre builders to Noida, seeking to draw investments away from preferred destinations such as Mumbai, Bengaluru, Hyderabad and Chennai.