Tillman Global Holdings to invest up to Rs 60,000 crore in 1GW Maharashtra data centre

New Delhi: TillMan Global Holdings (TGH) plans to invest up to Rs 60,000 crore to set up a 1 GW data centre in Maharashtra, and has signed a MoU with the state government at the World Economic Forum (WEF) in Davos.

The investment will be on top of Rs 30,000 crore that the US-based global investment firm has already committed to set up two data centres in Telangana and Andhra Pradesh.

"Between these three projects, the estimated investment from Tillman Global, over the deployment period, will be in excess of $10 billion," TGH co-president Sachit Ahuja told ET.


He said opportunities in Asia Pacific, specifically India, are core to the data centre development strategy that TGH has drawn up over the last several quarters.

"We've been building a team based in Mumbai to tackle the opportunity, to build a hyperscale and sovereign cloud-focus AI data centre. In that regard, 12 months ago, we signed an MoU with Telangana to set up a 250 MW data centre. About a month ago, we signed an MoU with Andhra Pradesh to deploy 300 MW, and today, we signed an MoU with Maharashtra to deploy up to 1 GW," Ahuja said.

Demand for digital infrastructure fuelled by AI and regional data protection laws have unleashed a new wave of investments in India's data centre industry.

Global hyperscalers and Indian conglomerates are set to invest more than $50 billion in the next five to seven years on data centres in the country, taking total capacity to about 9 GW from 1 GW now.

India is emerging as one of the world's most attractive data centre destinations because of cheap power, rapid capacity build-out and unmatched engineering talent.

"This is all part of our strategy to make India as the second leg of the broader Tillman Global story," Ahuja said. "In the US, we're one of the leading developers of digital infrastructure and we plan to use the same ethos to what we are doing in India. So, we are really building, owning and operating our businesses, not acting as a financial investor."

Between the three data centres, TGH expects to create over a 1,000 jobs in India, Ahuja said, adding that being a family-owned business, there's a desire to create economic opportunity through job creation.