Netmagic to invest Rs.700 cr for data centre in Mumbai.

Netmagic, in which Japan's NTT Communications Company (NTT Com) holds a majority stake, is to invest about Rs. 700 crore to set up a 3 lakh sq ft data centre in Mumbai. This is the company's ninth data centre and on its commissioning the company's total data centre space would double to nearly 6 lakh sq ft.

“This would be probably the largest in terms of pure data centre space in the country. The upfront investment of Rs. 700 crore would be used for purchase of land, building and all equipment required for it,” Sunil Gupta, Executive Director and President Netmagic told BusinessLine in an interaction.

The data centre has been designed to be powered by 20 MW, which is extendable up to 30 MW, in case required. The data centre will be commissioned on October 20.

“For the last 15 years, e-commerce has been our sweet spot. We are expecting businesses from enterprise customers, software firms and companies into Internet of Things (IoT),” Gupta added.

The city was selected was for the uninterrupted power supply it has, and more than it, most of the clients are in the city. The data centre is coming up at suburban Mumbai.

Almost 50 per cent of the country’s data centre capacity is in Mumbai, despite the high land costs in the city. Apart from Mumbai, majority of data centre space is available across Bangalore, New Delhi, Chennai and Hyderabad. According to industry estimates, the country has a total of about 45-50 lakh sq feet of third party data centres.

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