Data Centre Company Netmagic To Invest Rs. 2,000Cr To Set Up Two Data Centres!
Netmagic plans to invest about Rs 2,000 crore to set up two new facilities, one each in Mumbai and Bengaluru, by April 2018, apart from increasing its headcount to meet growing business.
The Mumbai-based company operates eight data centres in the country across Mumbai, Chennai, Delhi-NCR and Bengaluru.
"When we launched our last projects in Bengaluru and Mumbai, we thought it would take 5-6 years to fill their capacity but within six months of the launch of Mumbai data centre, we have started to build two new facilities. We are seeing demand beyond our expectation," Netmagic Executive Director and President Sunil Gupta said to the source.
He said there is huge demand from the e-commerce sector and the launch of 4G services will fuel demand for videos and high-definition content.
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