CtrlS To Invest Rs 10,000 Crore In Telangana
The project is expected to generate 3,600 jobs (direct and indirect) and contribute to the State's economy through incremental tax revenues.
Hyderabad | 22nd January 2025
The Telangana government today signed an MoU with CtrlS Datacenters Limited to establish a cutting-edge AI data centre cluster in Telangana.
The agreement was finalised during the World Economic Forum in Davos.
The proposed AI data centre cluster will reportedly feature a capacity of 400 MW, with an investment of Rs 10,000 crore.
The project is expected to generate 3,600 jobs (direct and indirect) and contribute to the State's economy through incremental tax revenues.
IT and Industries Minister Sridhar Babu said, "This collaboration with CtrlS is a significant milestone in our journey to establish Telangana as a global leader in digital infrastructure and technology. The AI data centre cluster will not only enhance the State's IT capabilities, but also create substantial employment opportunities, contributing to our vision of inclusive growth."
Special Chief Secretary of ITE&C Jayesh Ranjan said, "This partnership highlights Telangana's proactive approach to supporting large-scale investments in the IT sector. With our investor-friendly policies, such as the Data Centre Policy and the TG-iPASS framework, we are confident that this landmark project will see a seamless execution."
CtrlS Founder & CEO Sridhar Pinnapureddy said that he was thrilled to collaborate with the Telangana government to bring a transformative project to life. "The AI data centre cluster will set new benchmarks in innovation, sustainability and digital infrastructure, and we are proud to contribute to Telangana's growth story," he said.
filed in: Telangana, Sridhar Babu, Investments, Industry & Business, Employment, Information Technology