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UP CM lays foundation of CEL-ESDS green data centre entailing Rs 1,000 crore investment - The Economic Times

Economic Times

Economic Times · 2m ago

UP CM lays foundation of CEL-ESDS green data centre entailing Rs 1,000 crore investment - The Economic Times

Uttar Pradesh Chief Minister Yogi Adityanath laid the foundation of the CEL-ESDS Green Data Centre, a first-of-its-kind initiative in India, with a 30 MW capacity. Located in Sahibabad, it involves a Rs 1,000 crore investment by Centre of Electronics and ESDS. The data centre aims for Tier 3 compliance, ensuring minimal downtime. The project represents a significant collaboration with the private sector, reflecting CEL’s potential for contributing to a developed India.

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UP will generate 20,000 MW of renewable energy by 2027: CM Adityanath

Economic Times

Economic Times · 2m ago

UP will generate 20,000 MW of renewable energy by 2027: CM Adityanath

Uttar Pradesh, led by Chief Minister Yogi Adityanath, plans to generate 20,000 megawatts of renewable energy by 2027. This initiative supports Prime Minister Narendra Modi's net-zero emissions target by 2070. Adityanath underscored the role of Central Electronics Limited (CEL) in this energy transition. CEL is developing a greenfield data centre and has signed a MoU for 200 megawatts of solar modules, showcasing its growth and contribution to India's industrial resurgence.

GEF spins money in pre-IPO partial exit as ESDS revives listing plan

VCCircle

VCCircle · 8m ago

GEF spins money in pre-IPO partial exit as ESDS revives listing plan

Private equity firm GEF Capital Partners has partially exited its investment in ESDS Software Solution Ltd, a data centre and cloud services provider. ESDS Software Solution Ltd recently announced its plan to go public after a three-year hiatus. GEF Capital Partners is currently in the process of raising funds for a new India-focused venture.

GST demand over UPI credits: CM Siddaramaiah to meet stakeholders on Wednesday - The Economic Times

Economic Times

Economic Times · 1m ago

GST demand over UPI credits: CM Siddaramaiah to meet stakeholders on Wednesday - The Economic Times

Karnataka CM Siddaramaiah plans to meet stakeholders over GST notices issued to small traders based on UPI data, demanding tax arrears. The notices have sparked protests and rejection of digital payments. Siddaramaiah blames the Centre for the crisis, while BJP offers legal aid. The GST data, covering 2021-2025, has led to many rejecting QR codes. A three-day state-wide protest is planned, highlighting the impact on small businesses and vendors.

Tamil Nadu CM MK Stalin lays foundation for 28 projects worth Rs 51,157 crore

Economic Times

Economic Times · 1y ago

Tamil Nadu CM MK Stalin lays foundation for 28 projects worth Rs 51,157 crore

Tamil Nadu Chief Minister MK Stalin inaugurated 19 projects worth Rs 17,616 crore and laid the foundation for 28 industrial projects totaling Rs 51,157 crore. The projects span various sectors and are expected to create employment opportunities for around 100,000 people. Tamil Nadu aims to become a trillion-dollar economy by 2030 and has attracted significant investments, with the state government encouraging further business collaborations. Notable investments include a green hydrogen and ammonia manufacturing unit, pumped storage projects, and the establishment of a hydrogen innovation center by Hyundai Motor India in partnership with IIT Madras.

Rovision Tech Hub to invest Rs 2,564 crore in Maharashtra data centre, creating over 1,100 jobs - The Economic Times

Economic Times

Economic Times · 8d ago

Rovision Tech Hub to invest Rs 2,564 crore in Maharashtra data centre, creating over 1,100 jobs - The Economic Times

Rovision Tech Hub Pvt Ltd, founded by entrepreneurs from Marathwada, is investing Rs 2,564 crore in a green-certified data centre in Navi Mumbai through a MoU with Maharashtra’s government. Supported by FDI, the project aims to create over 1,100 jobs, enhancing the state’s digital and industrial capabilities. This initiative represents a technological advancement and supports Maharashtra’s goal to be a global digital and data infrastructure leader.

Haryana CM Manohar Lal Khattar lays stone for Flipkart's supply centre in Manesar

IndianStartupNews

IndianStartupNews · 1y ago

Haryana CM Manohar Lal Khattar lays stone for Flipkart's supply centre in Manesar

Homegrown ecommerce platform Flipkart has announced the establishment of a supply chain centre in Manesar, Haryana. Spread across 140 acres, the centre is expected to create over 10,000 direct and indirect jobs and will employ automation and retrieval systems for modern warehousing. In addition, Flipkart has opened a new grocery fulfillment centre in Sonipat, expanding its network in Haryana and generating nearly 2,000 jobs. The company aims to accelerate progress in India's e-commerce landscape and contribute to socio-economic development in the region.

MeitY jumpstarts talks on data centre policy to boost capacity - The Economic Times

Economic Times

Economic Times · 18d ago

MeitY jumpstarts talks on data centre policy to boost capacity - The Economic Times

The Indian government, via the Ministry of Electronics and Information Technology, is revisiting its national data centre policy to boost investment, capacity, and distribution of data centres across the country. The policy aims to streamline approvals, promote domestic manufacturing, and offer incentives. It plans to integrate elements from state policies and establish Data Centre Economic Zones (DCEZs). Despite existing policies, most data centres remain concentrated in major metros, and permissions remain complex to secure.

Gujarat CM lays foundation For CtrlS' GIFT city datacenter

IndianStartupNews

IndianStartupNews · 1y ago

Gujarat CM lays foundation For CtrlS' GIFT city datacenter

CtrlS Datacenters has begun construction on its new datacenter facility in GIFT City, Gujarat, with an investment of over Rs 250 crore. The project is expected to create 1,000 jobs directly and indirectly. The datacenter will serve the digital needs of various industries, particularly the BFSI sector, in Gujarat. CtrlS Datacenters plans to enhance the digital infrastructure in the state and expand its managed services. The company has also announced a $2 billion investment plan and is exploring new markets in Southeast Asia and the Middle East.

CIMware raises $2.3 m in round led by Transition VC - The Economic Times

Economic Times

Economic Times · 1m ago

CIMware raises $2.3 m in round led by Transition VC - The Economic Times

CIMware, a Bengaluru-based data centre infrastructure startup, raised $2.3 million in a funding round led by Transition VC. The investment will be used to develop a networking smart switch, expand the software team, and cover operational costs. CIMware aims to increase data centre capacity using memory-based connection technology. It plans to focus on direct sales in India and the US, targeting revenue of $175 million by 2026–27, and aims to strengthen its presence in AI-focused data centres.

ESDS Software Solution files draft papers with Sebi for Rs 600 crore IPO

Economic Times

Economic Times · 5m ago

ESDS Software Solution files draft papers with Sebi for Rs 600 crore IPO

ESDS Software Solution, a cloud infrastructure and data centre services provider, has filed draft papers for a Rs 600 crore initial public offering (IPO) with SEBI. This IPO involves only a fresh issue with no offer-for-sale component. The company plans to utilize Rs 480.7 crore of the proceeds for purchasing and installing cloud computing equipment and other infrastructure. The offering includes cloud and managed services, enabling cost-effective, secure, and scalable cloud adoption strategies for its clients.

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