Yotta Infrastructure will invest Rs 39,000 crore in the data center business in Uttar Pradesh over the next 5-7 years. A top company official gave this information on Monday. The Hiranandani Group firm has signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government in this regard. Yotta Infrastructure co-founder and chairman Darshan Hiranandani told reporters at an event to mark the launch of the Yotta D1 data center, that the investment would be for the construction of the data center complex, the purchase of IT equipment, and other hardware.
There will be an investment of Rs 39,000 crore in and around this complex, he said. The first building has already been built. We have started work for two other buildings, which will be completed in 12-15 months. We will prepare a building every 18 months. The said investment commitment includes the investment made for the Yotta D1. Sunil Gupta, co-founder, and CEO, of Yotta Infrastructure, said each data center would cost Rs 6,500 crore. The investment commitment is for six data centers. We have already started work for D2 and D3, which will be ready in 12-15 months.
The company has set up Yotta D1 at its data center park in Greater Noida with an investment of about Rs 1,500 crore. In addition, the foundation stone for the next two data center buildings - Yotta D2 and D3 have been laid. The company will make an additional investment of Rs 5,000 crore for IT equipment in Yotta D1.