Investment in Telangana: Another data center in Hyderabad, STT pact for investment of Rs 3500 crore
Investment in Telangana: CM Revanth Reddy’s team will visit Singapore on the second day. In the state Rs. Investing Rs 3,500 crore, ST Tele Media has come forward with a global data centre. The company has signed a Memorandum of Understanding (MoU) with the state government to set up a state-of-the-art AI-based data center campus at Mirkhan Peta near Mucharla. CM Revanth Reddy and IT Minister Sridhar Babu visited STT Global Data Center office in Singapore. Spoke to company representatives. On this occasion, Special Principal Secretary of Industries Department, Jayesh Ranjan and CEO of STT Group, Bruno Lopez signed the agreement in the presence of the Chief Minister.
The company will set up a state-of-the-art Artificial Intelligence ready data center with state-of-the-art technology in Hyderabad with a capacity of 100 MW. This includes provision for increasing data center capacity to meet future needs. It is one of the largest data centers in the country. Approximately Rs. The company coming forward for this project with an investment of Rs 3,500 crore reflects the infrastructure and world-class compatibility in Telangana. Speaking on the occasion, CM Revanth Reddy said that Hyderabad will soon become the capital of data centres. He congratulated the representatives of STT Global Company for their decision to invest in the state.
Bruno Lopez, Group CEO, President of STT Media Global Data Centers, said it is an honor to work with Telangana. Along with infrastructure, the progressive policies adopted by the Telangana government are encouraging technological innovations. He said that the common goal of economic growth and job creation as well as building a sustainable digital future will be achieved with the support provided by the government. IT Minister Sridhar Babu expressed confidence that Hyderabad will become the debt hub of the world. He said that Hyderabad will play an important role in the innovative changes coming in the AI based sector across the world.
ST Tele Media Global currently operates a data center in Hi-Tech City, Hyderabad. The company will expand its operations with the establishment of the new campus. This company is investing in Telangana with a future goal of expanding to one gigawatt capacity in our country in ten years. The company is expected to invest around $3.2 billion in this decade.