In a significant announcement, Aurum Equity Partners announced an investment of US $400 million in phases to build a Next-Generation, AI-Powered, Green Data Center in Hyderabad after a meeting with Hon’ble Chief Minister A. Revanth Reddy and IT and Industries Minister D Sridhar Babu here.
This strategic decision builds on their initial plan to invest USD 50 million announced last year. The company has now decided to establish a 100 MW cutting-edge AI-powered data center designed to cater to both hyperscalers and enterprises, with a total investment of US$ 400 million.
Speaking after the meeting, Chief Minister A. Revanth Reddy said, “we are happy that Aurum has decided to build an AI-powered, Green Data Centre, which will create many new jobs in Hyderabad.”
Venkat Bussa, CEO and Chairman of Aurum Equity Partners, stated, “Our next-generation data center framework is designed to bridge the digital divide between rural and urban India. This initiative will make government services such as e-Seva, e-Payment, and e-Education accessible to all, supporting our mission to connect every corner of the nation.”
This investment underscores Aurum Equity Partners’ commitment to advancing India’s digital infrastructure, ensuring that both urban and rural areas have equal access to essential government services.
Minister D. Sridhar Babu, reacting after the successful meeting, said, “we are happy with the development. It showcases and underscores the significant rise of Hyderabad as a data centre hub. The stress and accent is clearly on AI-powered initiatives and Green Energy and sustainability.”