World Economic Forum 2025: CtrlS Limited To Invest INR 10,000 Crore To Set AI Data Centre Cluster in Hyderabad, Generate Employment and Boost Economic Growth

Hyderabad, January 22: Asia's leading data centre provider CtrlS Datacenters Limited will invest Rs 10,000 crore to set up an Artificial Intelligence (AI) datacentre cluster in Hyderabad. The company signed a Memorandum of Understanding with the Telangana government in this regard during the ongoing World Economic Forum (WEF) in Davos, Switzerland. According to the Chief Minister's Office, the data centre cluster will come up with a capacity of 400 MW.

The facility is expected to generate direct and indirect employment for 3,600 people and contribute significantly to the state슬롯사이트™s economy through incremental tax revenues. This agreement demonstrates Telangana's commitment to fostering innovation, driving investments, and positioning the state as a leading digital infrastructure hub, it said. "This collaboration with CtrlS is a significant milestone in our journey to establish Telangana as a global leader in digital infrastructure and technology.슬롯 머신 사이트 추천HCLTech Job Hiring: Tech Firm Announces 5,000 Employment Opportunities As It Expands IT Footprint in Hyderabad With New Tech Centre.

The AI centre cluster will not only enhance the state's IT capabilities but also create substantial employment opportunities, contributing to our vision of inclusive growth," said Minister for Information Technology and Industry D. Sridhar Babu. Jayesh Ranjan, Special Chief Secretary, Information and Commerce and IT Departments, said the partnership highlights Telangana's proactive approach to supporting large-scale investments in the IT sector.

"With our investor-friendly policies, such as the Data Center Policy and TG-iPASS framework, we are confident in the seamless execution of this landmark project," he said. Sridhar Pinnapureddy, Founder and CEO, CtrlS Datacenters Limited, said that the AI Datacenter Cluster will set new benchmarks in innovation, sustainability, and digital infrastructure.슬롯 머신 사이트 추천Hiring in India Up by 31% in December 2024, AI Job Market Records 42% Growth Over Two Years: Foundit Report.

Meanwhile, Minister Sridhar Babu posted on the social media platform 'X' that he had a fruitful discussion with Andrew Byrne, Vice President, Uber, on their expansion plans in Telangana. "Uber is set to scale up operations, launch Uber Green and Uber Shuttle, and create thousands of livelihood opportunities in our state. Hyderabad's status as a tech and mobility hub makes it the perfect partner for Uber's innovations. Together, we're shaping a smarter, greener transportation ecosystem," said the minister.

(The above story first appeared on LatestLY on Jan 22, 2025 01:27 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).