Data centre services provider, Web Werks said it will invest Rs 400 crore to set up 12.5 MW data centre in Navi Mumbai. Savills India, an International property consultant, has facilitated the land transaction deal for the company.
Previously, the firm has entered into an agreement to form a joint venture (JV) with Iron Mountain under which the US-based company will invest $150 million (around Rs 1,086 crore).
Niraj Karale, Head Data Centre, Savills India, commented, “At present, the data centre industry is extremely buoyant in cities such as Mumbai, Chennai, NCR, Bengaluru, Hyderabad, and Pune. India holds immense potential to become a data centre hub owing to the availability of significant bandwidth speed, lower power tariffs and presence of hyper scalers. Additionally, the availability of state-of-the-art infrastructure such as the one Web Werks intends to create is likely to fuel the growth of India’s data centre market.”
“We are thrilled about the land acquisition and the expansion planned for the company. Savills India ensured that Web Werks gets a strategic land parcel and eased the entire process for us with a great turn around. With this set up already taking shape in Mumbai, we shall now look at expanding our joint footprint across other top Indian cities,” said Nikhil Rathi of WebWerks.
Web Werks operates three tier-3, carrier-neutral data centres with a combined footprint capability of 2.25 lakh sq ft. It also provides access to a neutral interconnection ecosystem of carrier, content and cloud providers including over 160 Internet Service Providers (ISP) and 6 Internet Exchanges. Web Werks supports a broad base of enterprises, BFSI, and SMEs.
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.