Mantra Data Centers to invest $1 Billion to develop data centers in India

Mantra Data Centers, an independent data center platform and wholesale colocation provider has announced significant investment plans across India. MDC will design, build and operate state-of-the-art Data Center facilities with an initial IT load of 20MW in each of the key data hubs: Mumbai, NCR (Delhi), Chennai, Bangalore, Hyderabad and Kolkata.

The company said in a statement, “The total addressable Indian Data Center market is estimated to surpass $8.5 Billion by 2023 with an increasing share of third party DCs (from ~45% in FY18 to ~62% in FY23). Global investment in Data Centers announced in the first half of 2021 has escalated to approximately $100 Billion with India benefiting as the largest single market outside the USA, in a report by Headwind Consultants.”

“MDC is very well positioned for success in this growing market, with a strong management team, green sourced energy, 1st in class stakeholders, on-time delivery and the right locations to create a network of Tier III & IV Data Centers across India,” commented Mr Jaan M. Chainani, Co-Founder & Managing Director. “Our aim is to help our customers grow seamlessly in the midst of the digitalization of India.”

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Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of  economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.

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