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Web Werks-Iron Mountain JV to invest Rs 4,000 cr for data centre expansion in Maharashtra

Wednesday, 01 Feb 2023
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Web Werks-Iron Mountain joint venture (JV) plans to invest an additional sum of Rs 4,000 crore towards expanding data centre capacity in Maharashtra.

The company is looking to sign a Memorandum of Understanding (MoU) with the state government for the same.

As per information available with Projects Today, Web Werks operates three Tier-3, carrier-neutral data centres in Mumbai, Pune, and Delhi NCR, and the company's JV with Iron Mountain, inked in 2021, is intended to accelerate its expansion plans across India.

The Maharashtra government had signed an MoU for investments worth Rs 20,000 crore in the sector at the World Economic Forum Summit in Davos in January, 2023. Currently, Maharashtra alone contributes 65 percent of the overall installed data centre capacity in the country.

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