STT GDC India has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for the development of data centers in the state.
Estimates of the proposal suggest that the investment could reach Rs. 4100 crore ($1bn) worth of data centers across Noida.
Under the MoU, developments will take place over the next five to 10 years, and are anticipated to employ over 2,000 people.
“We are extremely proud and happy that the Company has entered into this MoU with [the] UP government,” Sumit Mukhija, CEO of STT GDC India, said.
"STT GDC India has signed MoUs with the Government of UP for its investment outlook comprising two data center parks in Noida/Gr Noida including our ongoing project in sector 143, Noida. Further, an additional regional data center unit in Lucknow will aid the growth of digital infrastructure to support economic growth in other parts of the state.
Mukhija added that the investment is due to the ‘evident demand’ and has been bolstered by the state’s ‘progressive policy framework.’
Uttar Pradesh updated its data center policy in 2021 with a target to develop 250MW of data center capacity in the state, attract over Rs 20,000 crore ($5.5bn), and develop at least three private data center parks each with a minimum of 40MW of capacity.
STT GDC India claims to be the largest provider of data center colocation services in India with over 200MW of capacity across 21 facilities. In November 2022, the company also signed an MoU with the Karnataka government to spend Rs 1,300 crore ($325m) on data center developments in the region.