Mantra Data Centers invests $1B to develop data centers across 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 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 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 and IV Data Centers across India,” commented Mr Jaan M. Chainani, Co-Founder and Managing Director. “Our aim is to help our customers grow seamlessly in the midst of the digitalization of India.”
With a population of over 1.3 Billion, India’s digital growth has been fuelled by digitisation programmes by the Government, internet penetration, increased adoption of cloud, IoT, growing use cases for Augmented / Virtual Reality and Artificial Intelligence and the roll out of 5G.
The Data Residency Bill is expected to impact E-Commerce, Social Media and BFSI companies as data will need to be stored locally, spurring further Data Center Investments into India.