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Adani Group to invest Rs 70,000 crore over next 20 years

IANS  |  Vijayawada 

The Group will support the development of the digital and in by investing over

Rs 70, 000 crore, over the next 20 years which is expected to create over 100,000 direct and indirect jobs.

The Government of on Wednesday signed an MoU with the integrated to build Data Center Parks up to 5 GW capacities in and around Visakhapatnam.

This ambitious project would be a first-of-its-kind 100% powered project in the world, said an official release.

The government along with Group will develop the hyper-scale data center market in the state, positioning as the data center hub for and

It will also be integrated with a cable landing station that will take advantage of the state's long coastline to help provide the needed global connectivity and redundancy that the country needs to manage its exponential growth of data.

Speaking on the occasion, said the State aimed to become one of the top digital destinations in the world. Efficient and eco-friendly Data Centers are the key to enabling this futuristic digital ecosystem, he said.

of Informational & Technology, said that needs data storage, and This is precisely why the partnership between Andhra Pradesh and Group is critical to lay the foundation of a digital revolution that every citizen and every business can benefit from, he said.

Gautam Adani, Adani Group, said that Data Centers are fundamental building blocks for enabling every aspect of the critical that needs to further accelerate its growth.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 22:38 IST