Mumbai: Princeton Digital Group (PDG), a Singapore-based pan-Asia data centre company, has committed a multi-site acquisition of data centre projects, adding 210 megawatts (MW) capacity in Mumbai and Hyderabad, bringing its total capacity in India to a gigawatt.
The acquisition raises PDG's total financial commitment to India to $2.5 billion, up from around $1 billion previously allocated for expansions in Mumbai and Chennai in September 2024.
"This is on track. In terms of how the money comes in, it is a mix of sponsors' contributions along with debt generally raised from local financial institutions" Vipin Shirsat, Managing Director-India, PDG, told ET.
This forms part of PDG's broader pan-Asia investment programme, initially outlined at $5 billion.
The acquisition raises PDG's total financial commitment to India to $2.5 billion, up from around $1 billion previously allocated for expansions in Mumbai and Chennai in September 2024.
"This is on track. In terms of how the money comes in, it is a mix of sponsors' contributions along with debt generally raised from local financial institutions" Vipin Shirsat, Managing Director-India, PDG, told ET.
This forms part of PDG's broader pan-Asia investment programme, initially outlined at $5 billion.