Ascendas India Trust investing $161m for phase one of India data centre campus
Artist impression of Ascendas India Trust’s first data centre campus in India.
July 5, 2021
Singapore’s Ascendas Property Fund Trustee Pte Ltd, the trustee-manager of Ascendas India Trust (a-iTrust), announced that it will be investing Rs1,200 crore ($161 million) to develop and operate phase one of its first data centre campus in India.
The campus, which will be one of the largest data centre campuses in Airoli, a growing data centre hub in Navi Mumbai, will be developed in a 6.6-acre greenfield site. It will have a total potential built-up area of up to 575,000 square feet and 90 megawatts of power.
Singapore-based Ascendas India Trust, which develops IT and logistics parks in India, on Monday said it will invest an estimated Rs 1,200 crore to develop the first phase of its first data centre project in the country. The project is located at Airoli, a growing data centre hub in Navi Mumbai, according to a statement posted on the company s website.
Ascendas Property Fund Trustee Pte Ltd, the trustee-manager of Ascendas India Trust (a-iTrust), said that it will invest an estimated Rs 12 billion (Singapore dollar 216.6 million) to develop and operate phase one of its first data centre campus on a prime site in India .
Ascendas India Trust to invest Rs 1,200 crore in initial phase of its first data centre in India
The company will target customers such as global technology giants and cloud service providers, as well as large domestic enterprise clients.
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NEW DELHI: Singapore-based Ascendas India Trust, which develops IT and logistics parks in India, on Monday said it will invest an estimated Rs 1,200 crore to develop the first phase of its first data centre project in the country.
The project is located at Airoli, a growing data centre hub in Navi Mumbai, according to a statement posted on the company s website.
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