Targetting to net investment of Rs 30,000 crore in data centre domain, the Uttar Pradesh government is catalysing its value chain in the Noida region.
Since, the proposed data centre hub overlooks big infra projects including Jewar international airport, International Film City, Yamuna Expressway and Buddh International Circuit, the industrial units in the vicinity will benefit from seamless modern connectivity.
In UP, data centre projects totalling Rs 20,000 crore have so far been launched in UP. These include projects of Hiranandani Group, Adani Group, NTT Japan, Web Werks etc.
Now, Yamuna Expressway Industrial Development Authority (YEIDA) is offering attractive sops to investors.
By definition, a data centre is a facility that centralises shared IT activities and equipment for storing, processing and disseminating information.
The domestic data centre segment is estimated to receive investment of Rs 1.5 trillion over the next 5-6 years. The domain will generate an additional 5,000 mw capacity in the same period.
To transform UP into a $trillion dollar economy and pitch the state as a growth driver for India, the state is bolstering different sectors including data centres.
Meanwhile, YEIDA has announced to auction industrial plots in Sector 28 for data centres through the ‘Nivesh Mitra portal. The premium levied on plots range from Rs 28 crore to Rs 176 crore. The registration fee ranges between Rs 2.81 crore and Rs 17.67 crore.
India is poised to create up to a $trillion of economic value from the digital economy by 2025.
In Oct 2022, Hiranandani’s first phase of data centre project went live in Greater Noida. The Rs 5,000 crore data centre park is developed by Yotta Infrastructure, Hiranandani Group’s data centre arm.
Due to the lack of a large network of data centres in India, the domestic data is primarily preserved in servers located at offshore locations. This has the propensity to expose vital data pertaining to banking, social media, retail, tourism, health segments etc, to cyber attacks and virtual manipulations.
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However, when data centres are developed indigenously, there would be greater security of data within the country. At present, 25 percent of domestic data is preserved in onshore data centres in India.