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Tamil Nadu Signs MoU Worth ₹ 1,900 Crore to Set Up Data Centres

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Tamil Nadu government has signed Memoranda of Understanding (MoU) with Singapore based CapitaL and WebWerks worth Rs 1,900 crore for setting up two data centres in Ambattur at the investment conclave on Tuesday.

Guidance Tamil Nadu, a government agency for investment, promotion signed MOUs with nine companies to set up data centres with a total proposed investment of Rs 16,927 crores. Domestic and global companies including Yotta, Princeton Digital, ST Telemedia, Netmagic and Adaniare are in the process of setting up their data centres in Chennai.

According to official sources, Ambattur is the preferred location for data centre companies owing to its favourable geographical conditions and existing data centre ecosystem. Siruseri is the next ideal destination due to the presence of several IT companies, which offers a great market opportunity.

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It is learnt that Guidance is also in discussions with the world’s largest data centre companies and leading technology companies, that are in the advanced stage of setting up data centres in Chennai.

According to a release, the State will soon come out with Tamil Nadu Data Centre Policy. Guidance and Information Technology Department are working on the policy to strengthen the ecosystem for data centre companies.

Tamil Nadu has six submarine data communication cables with a bandwidth of 14.8 Tbps, the highest in the country. As per TRAI, Chennai is among the top five service areas in India for broadband subscriptions.

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