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AP govt inks pact with Adani group for Rs 70,000 cr data

Press Trust of India  |  Amaravati (AP) 

The government Wednesday signed an ambitious memorandum of understanding with the group to build data centre parks in port city with a staggering investment of Rs 70,000 crore.

With this, the integrated will make its foray into the digital infrastructure sector.

The data centre parks, which will be developed in three different campuses in and around Visakhapatnam, will create over one lakh direct and indirect employment over the next 20 years, during which period the proposed investment will be made.

The MoU was signed by Group Gautam and (Information Technology) K Vijayanand in the presence of N Chandrababu Naidu and

The data centre parks will have capacities up to five GW and will be totally powered by renewable energy, the company said.

The government and Adani will develop the hyper-scale data center market in the state, positioning AP as the east coast data center hub for and Southeast Asia, it added.

It will also be integrated with a cable landing station, taking advantage of the states long coastline to help provide required global connectivity and redundancy, enabling to manage exponential growth of data.

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

First Published: Wed, January 09 2019. 21:25 IST