hiranandani

Hiranandani Group to invest INR 10,000 crore for industrial, logistics and data centre park in West Bengal

Post By : Basundhara Choudhury
Post Date : February 16, 2021
Share with
Reading Time: 2 minutes

Premium real estate developer Hiranandani Group has signed a Memorandum of Understanding(MoU) in West Bengal to set up an industrial, logistics and hyper-scale data centre park in the region, which is estimated to cross INR 10,000 crore.

In a statement, the Mumbai-based diversified conglomerate said that the group has signed a pact with Hindustan Motors to acquire a 100-acre land at Uttarpara, Kolkata, to set up an integrated logistics and hyper-scale data centre park by Hiranandani Group companies GreenBase and Yotta respectively.

The combined investment by the group and their customers is estimated to cross INR 10,000 crore, the company revealed.

GreenBase will deliver 3 million sq feet of industrial and warehousing space along with essential utilities and support infrastructure built to international standards.

Yotta, Hiranandani’s hyper-scale data centre division, will witness a development of 6 hyperconnected data centre buildings bringing in 250MW of cutting edge data centre capacity over the next several years to the state.

As per the statement, the first phase of the industrial and logistics park will be up and running by June 2022 and the first data centre building will be ready by June 2023.

“Kicking off this project would not have been possible without the tremendous support of the Government of West Bengal under the leadership of chief minister Mamta Banerjee. West Bengal is the gateway to the east. It is an ideal hub for logistics and industrial development with excellent road, rail and riverine connectivity,” said Darshan Hiranandani, Group CEO, Hiranandani Group.

“Simultaneously, the data centre business will benefit from the digitisation revolution, the upcoming Silicon Valley at New Town at Rajarhat and excellent fibre connectivity on land and the new submarine cable coming up at Tajpur”, he said.

“By setting up a data centre park in Kolkata, we will not only serve the customers of the state but the entire eastern region including neighbouring countries.”

~Darshan Hiranandani, Group CEO, Hiranandani Group

Apart from helping manufacturing and warehousing units build last-mile connectivity, Greenbase Industrial and Logistics Park is also deemed to bolster the development of the logistics sector and create employment opportunities for the region.

A highlight of the park is its state-of-the-art infrastructure to support best in class security and facilitate optimisation of logistics and turnaround time by enabling Artificial Intelligence (AI) in customer processes.

In 2020, Yotta inaugurated its Asia’s largest and World’s second-largest Uptime Institute Tier IV certified data centre in Navi Mumbai. It most recently announced its Greater Noida data centre park and Chennai data centre park.

Greenbase has a pan India presence providing industrial, logistics and warehousing solutions to clients.

A Joint Venture (JV) of the Hiranandani Group with global private equity firm Blackstone, Greenbase is developing industrial and logistics parks across Mumbai MMR region, Pune, Nashik, Chennai and Bengaluru and has plans to deliver 15 million sqft of space across the country in the next five years, having an investment outlay of $500 million.

Yotta Infrastructure is a new-age managed data centre provider.

Source: Money Control

Leave a Reply

Your email address will not be published. Required fields are marked *