Latest news with #TechGrowthConclave2025
Time of India
29-04-2025
- Business
- Time of India
CtrlS to invest Rs 500 crore in greenfield data centre in Bhopal
CtrlS to invest Rs 500 crore in greenfield data centre in Bhopal HYDERABAD: Rated-4 data centre operator CtrlS Datacenters Ltd is setting up a greenfield 12mw data centre at Bhopal at an investment of Rs 500 crore. The data centre is slated to come up over a five-acre parcel of land allotted by the Madhya Pradesh government at the Badwai IT Park in Bhopal. The project is expected to generate around 200 jobs in a phased manner. The AI-ready data centre will be equipped with advanced cooling and security systems. At full capacity, the data centre is projected to generate an annual state goods and services tax (SGST) of Rs 7.5 crore and a central GST (CGST) of Rs 7.5 crore. The strategic investment will boost the region's digital ecosystem by supporting high‑performance cloud computing, AI, and data processing applications, Hyderabad-based CtrlS said on Monday. The groundbreaking for the project was conducted virtually by MP chief minister Dr Mohan Yadav on April 27, 2025, at Indore during the Tech Growth Conclave 2025 . CtrlS chairman & managing director Sridhar Pinnapureddy said the company chose MP due to its strategic location in central India. The company said the project strategically aligns with MP's ambitious policy framework, including the IT, ITeS & ESDM Investment Promotion Policy 2023 that offers up to a 25% capital expenditure subsidy and the Global Capability Centers Policy 2025 that is targeting over 50 global tech centers as part of the state's efforts to achieve a $2 trillion economy by 2047 by positioning itself as a destination for hi-tech investments backed by world-class digital infrastructure. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
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Business Standard
28-04-2025
- Business
- Business Standard
CtrlS Datacenters to invest Rs 500 cr in setting up data centre in Bhopal
CtrlS Datacenters announced that it will be investing Rs 500 crore in setting up a data centre in Badwai IT Park, Madhya Pradesh. The upcoming facility will be built on a 5-acre land parcel and will generate about 200 jobs over its phased development. The company announced this milestone in a groundbreaking ceremony of its greenfield data centre. The ceremonial event took place during the Tech Growth Conclave 2025 on April 27 in Indore. This strategic investment will boost the region's digital ecosystem by supporting high performance cloud computing, AI, and data processing applications. The data centre's establishment strategically aligns with Madhya Pradesh's ambitious policy framework, including the IT, ITeS and ESDM Investment Promotion Policy 2023, offering up to a 25 per cent capital expenditure subsidy, and the Global Capability Centres Policy 2025, targeting 50+ global tech centres. These initiatives align with the State's vision of achieving a $2 trillion economy by 2047 and position it as a leading destination for high-tech investments backed by world-class digital infrastructure. Sridhar Pinnapureddy, chairman and managing director of CtrlS Datacenters, said, 'Our significant investment in this facility is a testament to our commitment to driving India's digital future transformation. Our upcoming data centre is designed not only for today's needs but also as a foundation for future technologies that will drive enterprise innovation and elevate the State's digital capabilities.' The AI-ready data centre will feature state-of-the-art infrastructure, including advanced cooling and security systems. At full capacity, the data centre is projected to generate an annual State Goods and Services Tax (SGST) of Rs 7.5 crore and a Central Goods and Services Tax (CGST) of Rs 7.5 crore. The facility's capabilities will ensure 24/7 operational reliability and high uptime, establishing the facility as a critical node within the region's digital ecosystem. CtrlS Datacenters has a nationwide presence with 250 MW (IT load) of combined data centre capacity across key Tier-I markets, including Mumbai, Chennai, Bangalore, Hyderabad, Noida, and Kolkata. CtrlS Datacenters also operates Edge data centre facilities in Tier-II markets such as Patna and Lucknow, with further expansions planned in these markets along with GIFT City (Ahmedabad), Bhubaneswar, and Guwahati.
Indian Express
27-04-2025
- Business
- Indian Express
Madhya Pradesh govt announces slew of new initiatives at Tech Growth Conclave
Chief Minister Mohan Yadav announced a slew of major initiatives, including a space technology policy, at the Tech Growth Conclave 2025, held at Indore's Brilliant Convention Centre on Sunday. Yadav revealed that the space tech policy aims to position Madhya Pradesh as a key player in India's space technology ecosystem. Complementing this, a Cyber Security Centre of Excellence will be established with the aim of bolstering the state's capabilities in safeguarding digital infrastructure. The state is also set to advance its electronics manufacturing capabilities through the Electronic Manufacturing Cluster 2.0 Project in Bhopal. This initiative will attract Rs 20,000 crore in investment and generate over 75,000 jobs, creating a robust ecosystem for electronics production, Yadav said. Furthering innovation in education and technology, an Indian Institute of Creative Technology Regional Centre will be established, serving as a platform for digital innovation, creative education, and skill development. This centre is expected to empower the youth with cutting-edge skills to meet the demands of the digital economy. To streamline investment and foster a tech-friendly environment, the MP Digital Economy Mission will be launched to facilitate investment incentives. Additionally, four new facility centres will be set up in the IT parks of Indore, Bhopal, Jabalpur, and Gwalior to support the growing tech ecosystem.
