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Follow on Google News | Ascendas India Trust to invest INR12b to develop phase one of its first data centre campus in IndiaBy: CapitaLand Limited Mr Sanjeev Dasgupta, Chief Executive Officer of the Trustee-Manager of Ascendas India Trust, said: "Our entry into the data centre sector in India will diversify a-iTrust's portfolio into an attractive and highly scalable asset class. India has the second fastest growing digital economy in the world2. The large market size combined with the increasing trends towards data localisation validates our market entry strategy. Developing our first data centre campus with support from our sponsor, CapitaLand, will allow us to leverage the CapitaLand Group's data centre expertise and gives us complete control over the design and quality of the data centre. We look to improve our portfolio resilience through diversification into new economy asset classes such as data centres and life sciences. As we grow further, we will continue to be prudent in our capital management and nimble in seizing investment opportunities, to maximise unitholders' returns." For full release: https://bit.ly/ End
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