South Korean tech giant to establish sustainable data centre in India

SOLIS-IDC plans to invest $2 billion in India to establish a state-of-the-art data centre. They’ve engaged GFPS Advisory for support in this ambitious venture in India. SOLIS-IDC’s decision reflects India’s growing tech landscape, expanding digital economy, and rising demand for data storage across sectors like e-commerce, cloud computing, fintech, and more.

“The investment of USD 2 billion will be allocated towards the construction and operation of the data centre, along with the necessary infrastructure and advanced security measures to ensure the protection of sensitive data. The facility is expected to be one of the most energy-efficient and environmentally sustainable data centres in the region.” Said Dr David Kim of SOLIS-IDC.

In a statement, GFPS expressed their enthusiasm for this collaboration, highlighting the potential for mutual growth and benefit. “India is a key market for SOLISIDC, and we are excited to contribute to the country’s digital transformation journey,” said the statement. “Our state-of-the-art data centre will not only create job opportunities but also enhance India’s data infrastructure, serving the needs of businesses and consumers alike.”

This investment showcases SOLIS-IDC’s confidence in India as a strategic ally and underscores India’s rising stature in the global technology industry. This initiative is expected to bolster economic relations between South Korea and India while furthering India’s goal of becoming a data hub in the Asia-Pacific region.

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