Bengaluru: Japanese technology firm NTT Data has acquired 6-acre land in Greater Noida to set up a data centre with an investment of Rs 1,000 crore, as reported by Economic Times. 

The idea is to develop the region into a data centre hub as this is the second allotment after Mumbai-based Hiranandani Group’s Yotta Infrastructure.

The website quoted a spokesperson as saying, “The data centre will be established in techzone IV of Greater Noida west. Headquartered in London, the company will require supply of 70MW electricity. The data centre is part of a 25-acre SEZ, which already house some multinational companies including IBM”.

Yotta park by the Hiranandani group will consist of 6 interconnected data center buildings offering 30,000 racks capacity and 200 MW of power.

The authority expected both data centres to generate employment for 1500 locals and is in talk with more companies to set up data centres in the region.

NTT Data had said earlier that it would invest about $2 billion over the next four years to expand its data centre business in India.

NTT’s Global Data Center division recently launched a new data centre in Mumbai, expanding its capacity in the country by 30 per cent.

NTT, which had earlier acquired local data centre firm Netmagic, currently operates 10 data centres across four major cities, with over 1.5 million sq ft and over 150 MW of power generation. It plans to double the data centre capacity in the next two to three years.

The Uttar Pradesh government is also formulating a policy to attract data centre builders to Noida, seeking to draw investments away from preferred destinations such as Mumbai, Bengaluru, Hyderabad and Chennai.