Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
10,918.70-98.3
Stock Analysis, IPO, Mutual Funds, Bonds & More

Hiranandani Group forays into data centre parks

The first data centre park will come up by December this year at Hiranandani Fortune City township in Panvel, followed by Chennai and Mumbai.

ET Bureau|
Jul 18, 2019, 08.50 PM IST
0Comments
BCCL
9
Niranjan Hiranandani
PUNE: Mumbai based real estate developer, the Hiranandani group today announced its entry into the data centre parks space with a new business venture, Yotta Infrastructure. A 100% subsidiary of the Hiranandani Group, Yotta will offer hyper-density, hyper-scalable data center and co-location solutions to enterprises along with a whole array of supporting managed IT, hybrid multi cloud and security services. The venture will be led by Sunil Gupta, former president Netmagic.

The first data centre park will come up by December this year at Hiranandani Fortune City township in Panvel, followed by Chennai and Mumbai and will be spread over 50 acres with a capacity of 60,000 racks and 500 mw power. The data center market in India has doubled in the last 3 years and is projected to grow 1.5x by 2020

Niranjan Hiranandani, Managing Director, Hiranandani Group said “The Digital India program is one of the key pillars of Prime Minister’s vision of India becoming a 5-trillion dollar economy by 2025. We envision a huge opportunity with data localization and protection act to be announced soon by the Government of India in order to regulate the data management business. This will give a big impetus to the data storage business to grow domestically at an exponential pace bringing the paradigm shift to the Indian economy”.

Sunil Gupta, CEO, Yotta Infrastructure said, “With growth of technologies like IoT and Big Data becoming mainstream, vast amounts of data will be created in complex formats that will need massive Data Center infrastructure. We shall offer practically unlimited scalability of Colocation space and Power at our Data Centre parks to OTT players like Google, AWS, Microsoft, Alibaba, Tencent , Netflix, Facebook , Apple etc. for their cloud availability zones / clusters, for better manageability of their operations and enhanced cost effectiveness.” He added that the company would launch hybrid multi-cloud, managed IT, security and connectivity services to cater to the needs of enterprises including banks, retail, media and manufacturing, and new age companies in the space of SaaS, IoT, machine learning, AI and big data.
0Comments

Also Read

Hiranandani Group to foray into industrial and logistics parks

Hiranandani Group starts restructuring partnership firm holding Powai office assets

Hiranandani Group to build LNG terminal at Jaigarh

IT searches Hiranandani group in Mumbai, other places

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service