South Korea: Korean Firm Solis-IDC plans Billion Dollar investment in India

South Korean firm Solis-IDC recently announced plans to construct a cutting-edge data center in India. Global Forum for Policy and Strategy (GFPS) will facilitate negotiations and representation on behalf of Solis in the Indian market as it looks to invest $2 billion in the country. 

The company said in a press release, "India is a key market for Solis-IDC, and we are excited to contribute to the country's digital transformation journey. Our state-of-the-art data center will not only create job opportunities but also enhance India's data infrastructure, serving the needs of businesses and consumers alike."

The company, together with the Indian government officials and stakeholders, is still contemplating which site might be the most suitable for this construction. Solis expects this facility to be one of the region's most energy-efficient and environmentally sustainable data centers.

Dr. David Kim of Solis-IDC said, "The investment of $2 billion will be allocated towards the construction and operation of the data center, along with the necessary infrastructure and advanced security measures to ensure the protection of sensitive data."