Netmagic to invest Rs. 2000 cr in data centres.

Data centre company Netmagic plans to invest about Rs. 2,000 crore in two new facilities in Mumbai and Bengaluru, by April 2018 apart from increasing its headcount. The Mumbai-based company operates nine data centres across Mumbai, Chennai, Delhi-NCR and Bengaluru.

'One will be in Bengaluru with 3,000 racks capacity and other will be in Mumbai with 4,000 racks capacity,' Netmagic executive director and president Sunil Gupta said.

He added, “When we launched our last projects in Bengaluru and Mumbai, we thought it would take five to six years to fill their capacity but within six months of the launch of the Mumbai data centre, we have started to build two new facilities. We are seeing demand beyond our expectation.” He said there is huge demand from the e-commerce sector and 4G services will fuel demand for videos and high-definition content.

THE HINDU