South Korea’s Solis-IDC plans India investment

Solis-IDC datacenter

South Korean firm Solis-IDC has announced plans for a data center in India.

The company has selected the Global Forum for Policy and Strategy (GFPS) Advisory to facilitate negotiations for its first project in India. Solis reportedly plans to invest $2 billion in the country.

“India is a key market for Solis-IDC, and we are excited to contribute to the country’s digital transformation journey,” Solis said in a statement. “Our state-of-the-art data center will not only create job opportunities but also enhance India’s data infrastructure, serving the needs of businesses and consumers alike.”

The companies are actively engaging with Indian government officials and stakeholders to identify a suitable site. No details about the potential size of the development were shared.

“The investment of $2 billion will be allocated towards the construction and operation of the data center, along with the necessary infrastructure and advanced security measures to ensure the protection of sensitive data,” Dr. David Kim of Solis-IDC said.

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