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UP Government, STT GDC India sign MoU

STT GDC India Friday said the company has signed an agreement with the Uttar Pradesh government to establish data centres in the state with a total proposed investment of about Rs 4,100 crores.

“Our 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 data centre firm said in a statement. The agreement was signed at the Uttar Pradesh Global Investors’ Summit.

Under the agreement, the planned investment would take place over multiple phases in the next 5-10 years in infrastructure build and operations, subject to demand, policy support, and techno-commercial viability. This will also lead to direct and indirect employment generation for more than 2,000 people, the statement added.

STT GDC India has signed MoUs with the Govt of UP for its investment outlook comprising 2 data centre parks in Noida/Greater 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,” said Sumit Mukhija, CEO, STT GDC India.

“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,” said Mukhija.
CT Bureau

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