City
Epaper

K'taka inks MoU with Web Werks, Siddaramaiah terms it ‘great news from Davos’

By IANS | Updated: January 17, 2024 19:25 IST

Bengaluru, Jan 17 Chief Minister Siddaramaiah on Wednesday said that Karnataka has signed a MoU with Web Werks ...

Open in App

Bengaluru, Jan 17 Chief Minister Siddaramaiah on Wednesday said that Karnataka has signed a MoU with Web Werks India Private Limited at World Economic Forum in Davos, and terming it as ‘great news from Davos’.

"We are set to welcome a massive Rs 20,000 crore investment from Web Werks for a new Data Centre Park in Bengaluru. Great news from Davos. This is a giant leap in our infrastructure journey. Welcome aboard, Web Werks," the Chief Minister said.

Earlier, the Ministry of Large and Medium Industries Department had said that Nikhil Rathi -- founder and CEO of Web Werks Data Centers Web Werks -- has discussed significant developments and plans for setting up a Data Centre of 100 MW in Bengaluru.

It said that Web Werks has expressed its ambition to establish a cutting-edge connectivity hub, featuring state-of-the-art hyper-scaler data centers in Bengaluru.

The department has said that the Karnataka government will collaborate closely with Web Werks to facilitate their data centre setup and operations in Karnataka.

“Government of Karnataka will closely work with Web Werks and try to provide all the necessary support in grounding the investment quickly in the state,” the department has said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalNepal PM Shah reaffirms commitment to stronger ties with friendly nations

InternationalBeijing under fire as activists demand release of rights lawyer

TechnologyGovt increases LPG supply to industrial units in key sectors

BusinessGovt increases LPG supply to industrial units in key sectors

NationalGovt increases LPG supply to industrial units in key sectors

Technology Realted Stories

TechnologySocial media mocks Galgotias University ads after AI Summit row

TechnologyCabinet approves 1st hydro project in Arunachal’s Lohit Basin for Rs 14,105 crore

TechnologyThree uncrewed missions before Gaganyaan, says ISRO Chairman Narayanan

TechnologyAI demand to push global chip industry revenue past $1.3 trillion in 2026

TechnologyAdani Electricity reinforces ‘Zero Harm’ commitment during National Safety Month