Daijiworld Media Network - Navi Mumbai (SR)

Navi Mumbai, Oct 31: Navi Mumbai will be having an opportunity to establish as global data centre capital, similar to Singapore or Virginia in the US, with its first data centre park owned by the Maharashtra Industrial Development Corporation (MIDC) on a 600-acre of land next to Taloja industrial estate here.

MIDC CEO P Anbalagan told TOI reporters that the first phase involves an investment of Rs 30,000 crore, half of which is FDI. The park will be built on 150 acres of land and the plot allotment is expected to start in January 2020. Phase-II of the park at Khalapur, where MIDC also owns land, will be on 500 of the total 2,000 acres of land.

An assessment paper study by MIDC stated: "Global trends in data localization and privacy are also being reflected in India through the new in-country data residency regulations wherein the Supreme Court declared privacy as a fundamental right and the Justice BN Srikrishna Committee released its first draft of the Personal Data Protection Bill on July 27, 2018. Once the Personal Data Protection Bill 2018 gets enacted, the entire data storage volume generated in India will reside within Indian shores and will also be processed and analysed within Indian precincts," as reported in TOI.