Chief Minister of Telangana met with the CEO of Iron Mountain, and the CEO of Web Werks, at the World Economic Forum. The meeting led to a major investment announcement, in which Web Werks would announce INR 5,200 crore to establish data centers in Telangana. Chief Minister of Telangana, along with Hon’ble Minister of ITE&C, Industries, and Legislative Affairs, and CEO of Iron Mountain, and the CEO of Web Werks, exchanged an MOU for data center investments amounting to a total of ₹5,200 Crores to be invested in Telangana over the next few years. This Notification was published on 17.01.2024.
Web Werks, a fully owned subsidiary of Iron Mountain, will invest INR 1,200 crore in a 10 MW networking-heavy data center in Hyderabad. This investment is already underway. Web Werks will expand over the next few years by investing over INR 4,000 crore in a greenfield Hyperscale Data Center in Telangana. “Iron Mountain appreciates the partnership with the state government of Telangana, and expanding our data center operations in India. State of Telangana is a clear priority. We currently use 100% renewable energy across our data centers globally and look forward to extending this in India.
