Aurum Equity to create $400 million centre in city

HYDERABAD: In a major announcement, Aurum Equity Partners announced a multi-phase investment of $400 million to build a next-generation, AI-powered green data center in the city after a meeting with Chief Minister A. Revanth Reddy and IT and Industries Minister D. Sridhar Babu in Palo Alto, California on Friday.

This strategic decision is in line with the initial $50 million investment plan announced last year. The company has now decided to create an AI-powered state-of-the-art data center designed to meet the needs of hyperscalers and large enterprises, with a total investment of $400 million.

Speaking after the meeting, Revanth Reddy said they were happy that Aurum had decided to build the centre in Hyderabad as it would also create employment.
Venkat Bussa, Chairman and Managing Director, Aurum Equity Partners, said their next-generation data center framework has been designed to bridge the digital divide between rural and urban India.

“This initiative will make government services like e-seva, e-payment and e-education accessible to all, supporting our mission of connecting every corner of the nation,” he said.

This investment underscores their commitment to developing India’s digital infrastructure, ensuring that urban and rural areas have equal access to essential government services, he said.

Sridhar Babu said the development underscores Hyderabad’s significant rise as a data hub. There is a clear focus on AI-based initiatives, green energy and sustainability.