US tech giant Microsoft and the Telangana government have finalised a deal to set up a Rs 15,000-crore data centre in Hyderabad. A 50-acre land near the city is believed to have been finalised and the project is expected to create around 300 jobs.
According to sources aware of the development, a formal announcement is likely to come within a month. Microsoft did not comment on questions from Business Standard.
Telangana is one of the few states that came out with a data centre policy in India, way back in 2016. It is also expecting investments to the tune of around $10 billion in the segment in the next five years.