STT GDC India has signed a memorandum of understanding (MoU) with the Government of Uttar Pradesh. It will establish data centres in the state of Uttar Pradesh with a total estimated proposed investment of around Rs. 4100 crores. Decision to expand in Noida is driven by the continuing rapid growth in the Indian data centre industry.
Under the MOU, the planned investment would take place over multiple phases in the next 5 to 10 years. It is subject to demand trajectory, policy support and techno-commercial viability. The project proposes employment (direct & indirect), with more than 2000 people and a host of ecosystem benefits.
Sumit Mukhija, CEO, STT GDC India, said, “We are extremely proud and happy that the Company has entered into this MoU with UP government. STT GDC India has signed MoUs with the Govt of UP for its investment outlook comprising 2 data centre parks in Noida/Gr Noida including our ongoing project in sector 143, Noida. Further, an additional regional data centre unit in Lucknow will aid the growth of digital infrastructure.”
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