Dubai-based technology firm Solstice Data has signed a Memorandum of Understanding (MoU) to invest ₹52,600 crore in a major data centre project at KINFRA Industrial Park in Kerala. The project will be developed in Mattannur in Kannur district, Kerala, marking one of the largest technology investments in the region.
Land Allocation for the Project
- As part of the agreement, around 100 acres of land within the industrial park will be allotted to Solstice Data for developing its facilities. The MoU exchange ceremony was held in Thiruvananthapuram.
- The agreement was formally exchanged between Raj Babu Thulaseedharan, Country Head (India) of Solstice Data, and Santhosh Koshy Thomas, Managing Director of Kerala Industrial Infrastructure Development Corporation (KINFRA).
AI-Driven High-Performance Computing Data Centre
- Solstice Data is known globally for designing, developing, and operating advanced AI-driven High-Performance Computing (HPC) data centres.
- Apart from its headquarters in Dubai, the company currently manages over 60 data centre projects across several countries, including the United States and Canada.
- The proposed project in Kerala will focus on advanced computing infrastructure powered by artificial intelligence, which is expected to significantly strengthen the state’s digital ecosystem.
Investment Timeline and Development Plans
- According to officials, Solstice Data plans to complete the investment over a period of five to seven years.
- The large-scale project is expected to create new opportunities in technology, digital infrastructure, and employment in the region.
- The upcoming data centre, developed with support from local partners, will open new possibilities for Kerala’s growing digital economy.
About KINFRA Industrial Park
- The KINFRA Industrial Park in Mattannur spans around 175 acres, of which 123 acres have been developed for industrial use.
- The park already has a 36,000-square-foot Standard Design Factory, which has been fully allotted to industries.
- Land has also been allocated to 12 other enterprises operating in the park. With the agreement signed with Solstice Data, the remaining 100 acres of available land will now be utilised for the data centre project.
Significance of the Project
- The investment by Solstice Data is expected to become a major milestone for industrial and technological development in Kerala.
- It will strengthen the state’s position in data centre infrastructure, artificial intelligence, and digital innovation, while also generating employment and attracting further investments in the technology sector.