Princeton Digital Group (PDG), a data centre company based in Singapore, has revealed plans to invest USD 1 billion to expand its capacity to 230 MW in India. The company stated that this investment is part of a USD 5 billion initiative to build AI-ready data centres in Asia.
Rangu Salgame, the Chairman, CEO, and Co-founder of PDG, expressed the company’s commitment to India’s AI and cloud ecosystems, emphasising the country’s potential to become a global AI leader.
PDG is set to expand its ‘MU1’ named campus in Mumbai and launch ‘CH1’ named campus, a 72 MW AI-ready campus, in Chennai. The new hyperscale data centre will cover 9.3 acres and allow for future expansion.
The company’s MUI and CH1 campuses are equipped with cutting-edge cooling technologies designed to support high-density deployments, positioning them as leading AI infrastructure hubs in India.
Vipin Shirsat, Managing Director of PDG India, highlighted that the MU1 data centre in Mumbai is committed to sourcing 50% of its power from renewable energy sources.
The company also focuses on securing reliable and viable renewable energy for its expanded Mumbai campus. Further, for the new CH1 data centre campus at Chennai will get the same facility.
PDG recently announced a 500MW expansion plan across Asia as part of a USD 5 billion investment program to increase its capacity and presence in India, Indonesia, and Malaysia.
The Indian data centre sector has experienced significant growth, with capacity increasing from 540 MW in 2019 to 1,011 MW in 2023, positioning India as one of the fastest-growing markets globally.
Ready to invest like a pro? The Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists, insightful market analysis and, much more!