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Netmagic invests $144M to expand data centre facilities

The company has opened two hyperscale data centres in Mumbai and Bengaluru with a total capacity of 13,600 square metre.
BY BEx Bureau
BusinessEx
Jul 27, 2018

Netmagic, a subsidiary of NTT Communications, has invested $144 million (nearly Rs 990 crore) to expand its data centre facilities by 70% in India.

The company said it has opened two hyperscale data centres in Mumbai and Bengaluru with a total capacity of 13,600 square metre.

This means Netmagic has added data centre space of 4250 racks. While the Mumbai facility will offer 7900 square metre of server room area or space for 2750 racks; the Bengaluru data centre has 5700 square metre of server room which is equivalent to 1500 racks.

Apart the two new facilities, other data centres of Netmagic are located in Mumbai, Bangalore, Noida and Chennai.

India, the third largest data centre services market in Asia, is seeing significantly higher data use as large technology services firms shift to cloud services for mobile internet, e-commerce, internet of things (IoT). Research firm Gartner in May said Indias public cloud services revenue is likely to grow 37.5% to $2.5 billion in 2018 as more organisations move from on-premise data-centres to virtual storage services

We booked more than 90% of space even before the launch of these data centres. We are seeing demand from the global hyperscalers, but also from IT outsourcing players in Bengaluru. We are seeing demand from cloud native (started on the cloud) companies, said Sharad Sanghi, managing director chief executive officer, Netmagic.

Mumbai is the fastest growing location in terms data centre services demand for the company, added Sanghi.

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