Mumbai: Four months after Lodha Developers Ltd signed a memorandum of understanding of ₹30,000 crores with Maharashtra government to develop a data centre in the state, it has committed to another ₹1 lakh crore. On January 19, Abhishek Lodha, MD and CEO of Lodha, signed an MoU with the government of Maharashtra in the backdrop of World Economic Forum at
Davos. With the total investment of ₹1.3 lakh crores on approximately 2.5 gigawatt data centre park, it is slated to be the largest in the country.
In September last year, Lodha Developers had signed an agreement for ₹30,000 crores with Maharashtra government to develop a data centre under the government Green Integrated Data
Centre Park policy. The latest agreement of another ₹1 lakh crore will bolster the group’s commitment to Maharashtra’s growth.
The data centre park with total investment of ₹1.3 lakh crores will create over 16,000 direct and
indirect jobs. The park, with a capacity of approximately 2.5 gigawatts, will accommodate several
major international and domestic players. Amazon has already acquired a land parcel for its data
centre and also made arrangements for its power requirement for the next 15 years. Singapore
based STT Global Data Centres has also acquired a land parcel in the park.
With a legacy of several decades in construction, Lodha will play the role of developer for several
players who are keen on setting up data centres.
“Over and above the ₹30,000 crores commitment last year to develop the data centre park, we have signed another agreement with Government of Maharashtra to invest additional ₹1 lakh crore. The state has already scaled newer heights under the leadership of Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra. His vision and actions directed towards developed Maharashtra, gives us immense confidence in committing to such a large investment,” said Abhishek Lodha, MD and CEO of Lodha Developers Ltd.
