Adani Group Inks Memorandum of Understanding with Maharashtra Government, Commits ₹50,000 Crore Investment in Data Centers

In a landmark development, the Adani Group has formalized its commitment to invest ₹50,000 crore over the next decade in establishing a 1 GW capacity of hyperscale data centre infrastructure in Maharashtra. The Memorandum of Understanding (MoU) cementing this ambitious venture was officially signed at the World Economic Forum in Davos.

The forthcoming data centers are slated to be strategically located in Pune and either Mumbai or Navi Mumbai, with a key emphasis on utilizing renewable energy sources, according to an official statement. The project is anticipated to generate employment opportunities for approximately 20,000 individuals directly or indirectly.

Highlighting their dedication to powering the infrastructure, the Adani Group disclosed plans for a deemed distribution investment. This move aligns with the broader vision of fostering sustainable growth within the data center sector.

The backdrop for this significant investment is Maharashtra's recently formulated data center policy, positioning the state as an attractive destination for substantial investments in the sector, particularly in Mumbai. The financial capital boasts advantageous features such as a robust power infrastructure, undersea cable landing station, and fiber connectivity.

Several prominent companies, including CapitaLand, AdaniConnex, CtrlS, NTT Data, STT, Equinix, and Web Werks, have already established their presence in the region, further solidifying Mumbai's status as a burgeoning hub for data center operations.

The Adani Group's statement underlined the Maharashtra government's keen interest in promoting information technology-related infrastructure and services. Recognizing the potential economic and social benefits, the state views the data center initiative as a pivotal driver for progress and development.

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