financetom
Technology
financetom
/
Technology
/
Adani Group breaks ground on 'Integrated Data Center and Technology Business Park' in Vizag
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Adani Group breaks ground on 'Integrated Data Center and Technology Business Park' in Vizag
May 4, 2023 12:15 PM

The Adani Group announced on Thursday that it has commenced construction on its 'Integrated Data Center and Technology Business Park' in Vizag, with the groundbreaking ceremony attended by the Chief Minister of Andhra Pradesh, Y S Jagan Mohan Reddy, Managing Director of the Adani Group, Rajesh Adani, and CEO and Whole Time Director of Adani Ports & SEZ Limited, Karan Adani.

According to the company, the project, which will feature a data centre, technology and business park, and skill development centre, aims to create employment opportunities for local communities and provide new growth opportunities in the region, connecting Vizag to the Asia-Pacific IT ecosystem.

“AdaniConneX, a 50:50 joint venture between Adani Group and EdgeConneX, will host within the park an integrated 300 MW data centre facility. The park will be powered with up to 100 percent renewable energy and connected with robust terrestrial and submarine infrastructure to help with the deployment of cloud and emerging technologies in the region. The integrated facility will be one of the largest hyperscale data centres in India,” the statement read.

Also Read: SAP's strategic focus on India: Doubling cloud revenue, investing in AI, and expanding operations

"The need for computing and storage is increasing exponentially," said Gautam Adani, Chairman, Adani Group. "Andhra Pradesh, with its geographical advantages of land for renewable energy and a long coastline, is well-positioned to host data centre parks not only for our country but also for those nations that are short of land or energy. What the Adani Group brings through our ports, data centres, and green energy capabilities is a uniquely powerful combination of unmatched strategic adjacencies within the data centre world."

The establishment of the 300 MW data centre facility will facilitate the laying of a submarine cable from Singapore and help change the future dynamics of broadband services, according to Y S Jagan Mohan Reddy. He added, "the technology park will propel Vizag into a tier-1 city, which will also deploy renewable sources of energy to power it up."

The Adani Group's investments in Andhra Pradesh span multiple sectors, including ports, logistics, and renewable energy. The group said that it has already invested Rs 20,000 crore in the state, creating more than 18,000 direct and 54,000 indirect jobs. It operates two of the state's largest private ports, Krishnapatnam and Gangavaram, and is committed to developing 15,000 MW of renewable power projects and 10 million tonnes per annum of cement manufacturing capacity in the state.

Also Read: Indian startup founders accuse IAMAI of favouring big tech, disregarding their interests

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Is it safe to give out my card details over the phone?
Is it safe to give out my card details over the phone?
Apr 19, 2024
Key takeaways Credit card payments made over the phone or internet are classified as card- not-present (CNP) payments. CNP payments come with more fraud risk for both merchants and consumers. Businesses who follow PCI data security guidelines should have systems in place to help protect consumers' card data. Paying over the phone with a credit card is generally safe,...
US commerce secretary downplays chip in advanced Huawei phone
US commerce secretary downplays chip in advanced Huawei phone
Apr 21, 2024
WASHINGTON (Reuters) - The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working. Huawei, which has been on a trade restriction list since 2019, surprised the industry...
Tesla cuts price of Full Self-Driving software by a third to $8,000
Tesla cuts price of Full Self-Driving software by a third to $8,000
Apr 20, 2024
San Francisco (Reuters) - Tesla slashed the price of its Full Self-Driving driver assistant software to $8,000 from $12,000 in the United States, its website showed on Saturday. ...
Salesforce's talks to buy Informatica fizzle, WSJ reports
Salesforce's talks to buy Informatica fizzle, WSJ reports
Apr 21, 2024
(Reuters) -Customer relations software maker Salesforce's ( CRM ) talks to acquire data-management software firm Informatica ( INFA ) have failed after the two companies could not agree on terms, the Wall Street Journal reported on Sunday citing people familiar with the matter. Salesforce ( CRM ) and Informatica ( INFA ) did not immediately respond to a Reuters request...
Copyright 2023-2025 - www.financetom.com All Rights Reserved