Sunday, October 13, 2024

Princeton Digital Group: Princeton Digital Group to pump in $1 billion as part of India expansion for AI-ready data centres

Date:


Data centre provider Princeton Digital Group (PDG) Thursday said it has earmarked about $1 billion (Rs 8,360 crore) for India as part of a $5 billion investment plan to set up 500 MW AI-ready data centres in Asia.

The fresh investment will boost its total capacity to 230 MW in Mumbai and Chennai from the current 50 MW.

“India is well positioned to be a global AI leader, and we are determined to play an important role in making that happen. As one of the fastest growing data centre operators, our $1 billion investment in India is testament to our deep commitment to the country’s AI and cloud ecosystems,” Rangu Salgame, chairman, CEO and cofounder, PDG said in a statement.

“By adding three new buildings in Mumbai and by entering Chennai, we are significantly enhancing our hyperscale AI-ready infrastructure footprint in the country,” he said.

According to PDG, its flagship MU1 data centre will become one of the largest operational campuses in Mumbai with the addition of the three new buildings that will triple the existing capacity to 150 MW.


The first phase of 100 MW expansion is scheduled for delivery in 2026. Upon completion of the entire capacity expansion, MU1 will occupy about 15 acres of land, it said.

Discover the stories of your interest


PDG’s Chennai facility named CH1 will be a 72 MW AI-ready campus in the northern part of the metropolis. It will be built over 9.3 acres with scalability for future expansion.“Mumbai and Chennai have been the pre-eminent hubs for cloud infrastructure in India due the combination of submarine cable landing proximity, high-quality power supply, availability of renewable energy and robust infrastructure development. With the advent of AI in India, both locations are well-positioned to become leading AI infrastructure hubs as well,” said Vipin Shirsat, managing director of PDG India.

PDG’s expansion strategy for Asia entails increasing capacity and presence in India, Indonesia and Malaysia.



Source link

Share post:

spot_img

Popular

More like this
Related

Bits & Bytes: Tesla unveils robotaxi, pledges it ‘before 2027’

Elon Musk unveiled Tesla’s self-driving robotaxi this week,...

The ‘strawberrry’ problem: How to overcome AI’s limitations

Join our daily and weekly newsletters for the...

Star Health Says It Received $68,000 Ransom Demand After Data Leak

Star Health, India's biggest health insurer, on Saturday...