Search This Blog

27 Mar 2008

Indian Market For Data Growing, With Hedge Fund Company In The Lead

New York Top 5 hedge fund Och-Ziff's firm Ctrl S. Data Centers, said it is planning to invest $250 million to open four data centres in the country in next 2-3 years.

"We are planning to open four data centres in Bangalore, Chennai, Delhi and Mumbai by 2010 which would entail an investment of 250 million dollars," Ctrl S Data Centers Chairman and Managing Director S. Reddy said.

The Asian Data Centre market is predicted to increase by a compound annual growth rate of 11.5% over the period from 2006 to 2010, with India becoming the fastest growing market.

He said the data centre industry in the country is expected to grow, with nearly 1,700 square feet data centre space expected to be created in India by 2010.

Hyderabad-based Ctrl S Data Centers is promoted by the Rs 500-crore Pioneer Group along with IDBI and hedge fund Och-Ziff.