The data center business has been booming since last few years as the need for data is increasing exponentially. A country like India still requires more data centers to keep up with the pace with which the world is racing, so Reliance Jio, headed by the Ambanis look to build their own data center in India.
The new reports from ET Telecom suggest Jio is planning to set up a data centre in Uttar Pradesh with an investment of about $950 million. Provided the fact that Reliance Jio is booming with data and clients, now planning to bring 5G in India, this type of news makes sense.
It is also said that Jio will be using their own renewable energy plant to power the data center, and whether it uses to keep its own data or open a new service, Mukesh Ambani has his wits to make the correct investmnent.
“This is an important focus area for Reliance Jio,” one of the two people cited above informed the publication.
“For the data centre, a 20-acre plot had been allotted to the company, and the project is to cost approximately Rs 7,000 crore,” Sidharth Nath Singh, who heads the ministries of investment and export, micro, small and medium enterprises (MSME) and textile in the UP government, said in a statement in response to a Mint query.
“The centre will consist of six interconnected data centre buildings offering 30,000 racks capacity and 200MW of power. It is expected to generate thousands of job opportunities in IT (information technology) sector,” Singh said in the statement.
“With an aim to take UP to an unprecedented level, the Adityanath government has embarked on a mission to make it a $1 trillion economy by 2024. To achieve this target, the state has identified 5 sectors—infrastructure development, industry, agriculture, urban development and service sectors,” Singh added.
The Indian goverment has been quite aggressive to boost the economy of the country in recent days, at the cost of privatizing the government sectors to big players like Reliance, Adnani group and this move is no surprise to that evolution.