Yondr Group partners with Everstone Group for data centres in India
Technology

Yondr Group partners with Everstone Group for data centres in India

Yondr Group, a global developer and service provider of hyperscale data centres, has created a strategic joint venture partnership with Everstone Group.

Working under the brand name EverYondr, the Mumbai facility will supply 30MW by 2023 and 60MW of IT capacity when completely developed, according to the company's statement.

With an initial capitalisation of $ 1 billion, the joint venture will help hyperscale clients and support the rapidly developing Indian market, the size of which is predicted to surpass $4.5 billion by 2025.

The investment will be utilised to finance the development and operation of multi-locational hyperscale data centre business over major geographies in India, comprising the metros of Mumbai Metropolitan Region, Chennai, Hyderabad, Bangalore and National Capital Region (Delhi), added the statement.

In recent years India has experienced significant digital transformation, with active internet user numbers touching 525 million in 2019, representing yearly growth of 19.2%.

Low-cost smartphones and cheap data tariffs have further increased the shift to digital, with data consumption rising 37-fold, from 0.26GB to 9.8GB per user between 2014 and 2018.

With a population of over 1.3 billion and data consumption per user forecast to touch 18GB per user by 2024, India denotes a significant market opportunity, excelled only by the UK and the US, the statement said.

Image Source


Also read: Brookfield, Digital Realty to jointly develop data centres in India

Also read: Bharti Airtel to pump Rs 3,500 cr to expand data centre capacity

Yondr Group, a global developer and service provider of hyperscale data centres, has created a strategic joint venture partnership with Everstone Group. Working under the brand name EverYondr, the Mumbai facility will supply 30MW by 2023 and 60MW of IT capacity when completely developed, according to the company's statement. With an initial capitalisation of $ 1 billion, the joint venture will help hyperscale clients and support the rapidly developing Indian market, the size of which is predicted to surpass $4.5 billion by 2025. The investment will be utilised to finance the development and operation of multi-locational hyperscale data centre business over major geographies in India, comprising the metros of Mumbai Metropolitan Region, Chennai, Hyderabad, Bangalore and National Capital Region (Delhi), added the statement. In recent years India has experienced significant digital transformation, with active internet user numbers touching 525 million in 2019, representing yearly growth of 19.2%. Low-cost smartphones and cheap data tariffs have further increased the shift to digital, with data consumption rising 37-fold, from 0.26GB to 9.8GB per user between 2014 and 2018. With a population of over 1.3 billion and data consumption per user forecast to touch 18GB per user by 2024, India denotes a significant market opportunity, excelled only by the UK and the US, the statement said. Image Source Also read: Brookfield, Digital Realty to jointly develop data centres in India Also read: Bharti Airtel to pump Rs 3,500 cr to expand data centre capacity

Next Story
Infrastructure Energy

KPCL to Establish Solar Projects at Thermal Power Stations in Karnataka

In line with the Energy Department’s initiative to boost renewable energy capacity, Karnataka Power Corporation Limited (KPCL) will install ground-mounted solar power projects across three of its thermal power stations in the state. The 100.1 MW projects will be located at Ballari Thermal Power Station (BTPS), Yermarus Thermal Power Station (YTPS), and Raichur Thermal Power Station (RTPS), with an estimated cost of ?411.4 crore. The project will be overseen by Tehri Hydro Development Corporation (THDC), a public-sector enterprise under National Thermal Power Corporation Limited, which has a..

Next Story
Infrastructure Transport

Nitin Gadkari Emphasises Urgent Need for Enhanced Road Safety Measures

Union Minister for Road Transport and Highways, Nitin Gadkari, stressed the immediate need for improved road safety measures and urged the road construction sector to adopt new technologies and sustainable construction materials. Speaking at the two-day Global Road Infratech Summit & Expo (GRIS) in New Delhi, with the theme "Vision Zero: Sustainable Infratech and Policy for Safer Roads," Shri Gadkari pointed out that a significant number of road accidents in India occur due to inadequate civil engineering practices in road design, construction, and management, as well as poor road signage and ..

Next Story
Infrastructure Transport

BBMP Extends Deadline for KR Puram-Nayandahalli Tunnel DPR

Following a failed attempt at securing a consultancy firm for the Detailed Project Report (DPR) of the Hebbal-Silkboard vehicular tunnel in Bengaluru, the Bruhat Bengaluru Mahanagara Palike (BBMP) is now seeking firms to prepare the DPR for the 28 km double-decker tunnel connecting KR Puram and Nayandahalli. The BBMP extended the deadline for bid submissions to March 11 after receiving no responses initially. The BBMP had first invited tenders for the tunnel project on January 25 but faced no interest from consultancy firms. A second call for bids was made on February 15. The BBMP had also pr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?