Aurum Equity Partners to Invest $400 Million in AI-Powered Green Data Centre in Hyderabad
Palo Alto (California) [USA], August 10: Aurum Equity Partners, an India-focused investment banking firm, has announced a phased investment of USD 400 million to establish a next-generation, AI-powered, green data centre in Hyderabad. This new plan significantly expands upon their previous commitment of USD 50 million, announced last year.
The upcoming 100 MW data center will feature advanced AI capabilities and is designed to serve both hyperscalers and enterprises. Telangana Chief Minister A. Revanth Reddy expressed his happiness, stating, “We are happy that Aurum has decided to build an AI-powered, Green Data Centre, which will create many new jobs in Hyderabad.”
Venkat Bussa, CEO and Chairman of Aurum Equity Partners, stated, “Our next-generation data center framework is designed to bridge the digital divide between rural and urban India. This initiative will make government services such as e-Seva, e-Payment, and e-Education accessible to all, supporting our mission to connect every corner of the nation.”
This investment underscores Aurum Equity Partners’ commitment to advancing India’s digital infrastructure, ensuring that both urban and rural areas have equal access to essential government services. Minister D. Sridhar Babu also highlighted the development, noting Hyderabad’s rise as a data centre hub with a focus on AI-powered initiatives and green energy sustainability.
Telangana is actively working towards attracting investments and companies to the state. As part of these efforts, Telangana CM Reddy, along with IT and Industries Minister Sridhar Babu Duddilla, visited the USA on a business tour. During the visit, CM Reddy met with World Bank President Ajay Banga to discuss various issues, including the Musi Riverfront, Skill University, Future City, and Citizen Health Care. He also met with top CEOs and business leaders at a roundtable hosted by the Consulate General of India in New York.
Doubts Revealed
Aurum Equity Partners -: Aurum Equity Partners is a company that helps other companies with money and investments. They focus on businesses in India.
AI-powered -: AI-powered means using Artificial Intelligence, which is like a smart computer that can learn and make decisions on its own.
Green Data Centre -: A Green Data Centre is a place where lots of computers are kept and it uses energy in a way that is good for the environment.
Hyderabad -: Hyderabad is a big city in India, known for its technology companies and historical places.
100 MW -: 100 MW stands for 100 Megawatts, which is a way to measure a large amount of electricity.
Hyperscalers -: Hyperscalers are very big companies that need a lot of computer power, like Google or Amazon.
Enterprises -: Enterprises are big businesses or companies.
Telangana Chief Minister -: The Telangana Chief Minister is the leader of the state government in Telangana, which is a state in India.
A. Revanth Reddy -: A. Revanth Reddy is the Chief Minister of Telangana, a state in India.
CEO Venkat Bussa -: CEO Venkat Bussa is the head of Aurum Equity Partners, the company making the investment.
Digital divide -: Digital divide means the gap between people who have access to computers and the internet and those who do not.
Data center hub -: A data center hub is a place where many data centers are located, making it an important area for technology and data storage.
Sustainability -: Sustainability means using resources in a way that does not harm the environment and can be maintained for a long time.