India / Bhārata: The Maharashtra government signs $3.9bn MoUs for two facilities located in Pune

Jan 31, 2023 | Posted by MadalineDunn

The regional Maharashtra government, in India, announced at the World Economic Forum (WEF) that it has signed Memorandum of Understanding (MOU) with two companies to build data centers in the city of Pune, in western India. 

The deals, worth ~$3.9 billion or Rs 32,414 crore, are with RCube/Ark Data Centres, and Japan's Nippon Telegraph and Telephone (NTT). The former is proposing to invest Rs 12,000 crore ($1.47bn) for a data center in the Pimpri-Chinchwad district of the city, while the latter is investing Rs 20,414 crores ($2.5bn) to develop data centers in Mumbai, Thane, Pune, and Nagpur.

Speaking about these announcements, Industries minister Uday Samant said: "In these new projects, we have decided to give 80 percent of the jobs to the locals. In the next cabinet meeting, we will decide on the new policy under which these projects will get necessary permissions within 30 days."

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