Lodha Developers Limited signed a memorandum of understanding of INR 300,000 Million with Maharashtra government to develop a data centre in the state, it has committed to another INR 1,000,000 Million. On January 19, Abhishek Lodha, MD and CEO of Lodha, signed an MoU with the government of Maharashtra in the backdrop of World Economic Forum at Davos. With the total investment of INR 1,300,000 Million on approximately 2.5 gigawatt data centre park, it is slated to be the largest in the country.

In September last year, Lodha Developers had signed an agreement for INR 300,000 Millionwith Mumbai government to develop a data centre under the government Green Integrated Data Centre Park policy. The latest agreement of another INR 1,000,000 Million will bolster the group's commitment to Maharashtra's growth. The data centre park with total investment of INR 1,300,000 Million will create over 16,000 direct and indirect jobs.

The park, with a capacity of approximately 2.5 gigawatts, will accommodate several major international and domestic players. Amazon has already acquired a land parcel for its data centre and also made arrangements for its power requirement for the next 15 years. Singapore based STT Global Data Centres has also acquired a land parcel in the park.

With a legacy of several decades in construction, Lodha will play the role of developer for several players who are keen on setting up data centres.