Adani Group to invest Rs. 70,000 crore in Andhra Pradesh

In another big-ticket investment that could spur Andhra Pradesh’s growth, the State Government has entered into a Memorandum of Understanding (MoU) with Adani Group for establishment of data centre parks in and around Vizag, and a solar power park in the State.

According to government officials, this could be Adani Groups’s single largest investment and the highest tapped by Andhra Pradesh, which is over Rs. 70,000 crore.
The Adani Group will invest Rs. 40,000 crore to support the development of data centres over a period of 20 years while an investment of Rs.30,000 crore will be made in the solar power plant.

The digital infrastructure development project will be the world's first facility to be powered by green energy. Chief Minister N. Chandrababu Naidu said the data centre parks will have three campuses in 500 acres of land.
While the initial capacity of data centre will be 1 GW, they will be scaled up to 5 GW over a period of two decades. “Data is everything now. In the future, data will be the parameter to indicate wealth.

Efficient and eco-friendly data centres is the key to enable the futuristic digital ecosystem, by using which we will work towards improving the quality of lives of people,” the Chief Minister said.The projects would create 1.1 lakh direct and indirect employment, he added. 
Adani Group chairperson Gautam Adani said the company will begin the work within two months. “We are planning to launch the works within 60 days. The project’s first phase is likely to be completed in 18 months. This will be the world’s first data project to be powered 100 per cent with green energy,” Adani added.
According to the Chief Minister, this investment in data centres will not only boost AP and the country’s technology infrastructure, but also serve the global needs. He added that the government’s vision to come up with ‘Cloud Hub Policy’ has helped in tapping huge investments.
Adani Group executives have said that the company chose Visakhapatnam due to low establishment costs, availability of uninterrupted power, the government’s plans to scale up solar power production, availability of necessary infrastructure and favourable weather.

For the establishment of data centre parks, the group will also lay submarine cables and build cable landing station.
After attracting India’s largest FDI with Asia Pulp and Paper, Adani Group’s investment is the second one line up for the state. Let us hope that many more will follow suit to boost the investment scenario.

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