Kerala signs Rs 52,600 crore data centre MoU with Dubai-based Solstice Data

Dubai-based Solstice Data has signed a Memorandum of Understanding (MoU) for an investment project worth Rs 52,600 crore at the KINFRA Industrial Park in Mattannur in Kannur district, according to an official statement on Sunday.

Under the agreement, 100 acres of land within the park will be allocated to the company to develop its facilities.

The MoU was formally exchanged in Thiruvananthapuram between Raj Babu Thulaseedharan, Country Head (India) of Solstice Data, and Santhosh Koshy Thomas, Managing Director of KINFRA, the statement said.

The ceremony took place in the presence of Industries Minister P Rajeev and Director of Industries P Vishnuraj on Saturday.

Solstice Data designs, develops and operates AI-driven High-Performance Computing (HPC) data centres. The company manages more than sixty data centre projects across international locations, including the United States and Canada, in addition to its headquarters in Dubai.

Minister Rajeev said the new data centre, developed in collaboration with local partners, is expected to open opportunities in Kerala’s digital sector.

The company plans to realise the total investment over a timeline of five to seven years, the statement said.

The KINFRA Industrial Park in Mattannur covers a total area of 175 acres. Of this, 123 acres are available for industrial use following infrastructure development.

The park’s existing 36,000-square-foot Standard Design Factory has already been fully allotted for industrial use, and land has been granted to 12 other enterprises.

According to the statement, the agreement with Solstice Data accounts for the remaining 100 acres of available land at the park.