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Mantra Data Centers (MDC) has signed memorandums of understanding (MoUs) with the Indian state governments of Maharashtra, Tamil Nadu, and Karnataka to construct data centers in Mumbai, Chennai, and Bangalore. Mantra Data Centers will design, build and operate “state-of-the-art” data center facilities with an initial IT load of 20MW in each of these key data hubs.
Mantra Data Centers offers wholesale tailor-made colocation services focused on the Indian market. The company has planned its new data center builds – at an investment value of $1 billion – in Mumbai, NCR (Delhi), Chennai, Bangalore, Hyderabad and Kolkata.
With a growing percentage of third-party data center providers (from 45 percent in FY18 to 62 percent in FY23), the total addressable Indian Data Center market is expected to exceed $8.5 billion by 2023. According to recent research by Headwind Consultants, global investment in data centers has increased to over $100 billion in the first half of 2021, with India benefiting as the largest single market outside of the United States.
“MDC is very well positioned for success in this growing market, with a strong management team, green sourced energy, 1st in class stakeholders, on-time delivery and the right locations to create a network of Tier III & IV Data Centers across India,” said Mr Jaan M. Chainani, Co-Founder & Managing Director. “Our aim is to help our customers grow seamlessly in the midst of the digitalization of India.”
Data Center Market India
India’s digital growth has been fueled by the government’s digitization programs, Internet penetration, greater use of cloud, IoT, expanding use cases for Augmented / Virtual Reality (VR) and Artificial Intelligence (AI), and the roll out of 5G.
According to Mantra Data Centers, India’s Data Residency Bill is expected to impact e-commerce as well as social media & BFSI companies – as data will need to be stored locally, spurring further data center investments into India.