Adani Group’s joint venture with EdgeConneX, AdaniConneX, will be setting up a data centre in Mumbai, according to a report in Economic Times. The company has identified six cities to set up data centres initially, the report added. The other cities are Noida, Chennai, Visakhapatnam, and Hyderabad. The newly-incorporated subsidiary, Mumbai Data Centre Limited (MDCL), will be commencing its business operations soon, according to a disclosure filed by Adani Enterprises with the Bombay Stock Exchange. “...Mumbai Data Center Limited (“MDCL”), on 4th February, 2022, with an Initial Authorized and Paid-Up Share Capital of Rs. 1,00,000/- each, to, interalia, undertake business to develop, operate, maintain, deal with data centers, Information Technology (IT) / Information Technology Enabled Services (ITES) / Cloud, providing services related thereto and to undertake activities associated with its infrastructure development including land acquisition & development for the said purpose,” read the disclosure. Several businesses are now making the transition to cloud which will need to be facilitated by data centres. They will also need to comply with the local mandates like the Reserve Bank of India’s data localisation guidelines for payment companies. The recent budget (FY 2022-23) classified data centres as infrastructure assets, highlighting their role in propping up India’s data economy. The Data Protection Bill 2021 also stipulates that all sensitive and critical personal data must be stored in India and can only be transferred outside India under certain conditions. What do we know about AdaniConneX? The joint venture was first announced in February last year with a…
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