CapitaLand India Trust has finalized its second long-term agreement for Tower 2 of the CapitaLand DC Navi Mumbai in Airoli. This milestone strengthens its position in India’s fast-growing data centre market, ensuring stable revenue streams and reinforcing its strategy to expand digital infrastructure in one of Asia’s key technology hubs.
CapitaLand India Trust (CLINT) has announced the signing of its second long-term agreement for Tower 2 of the CapitaLand DC Navi Mumbai, located in Airoli. This marks another significant step in CLINT’s expansion into India’s booming data centre sector.
Highlights of the Deal:
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Strategic growth: The agreement underscores CLINT’s commitment to building a robust digital infrastructure portfolio in India.
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Revenue stability: Long-term contracts provide predictable cash flows, enhancing investor confidence.
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Market positioning: Navi Mumbai, a rising technology hub, offers strong demand for data centre capacity, making this deal particularly impactful.
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Expansion momentum: The agreement follows CLINT’s earlier success with Tower 1, signaling consistent progress in its data centre strategy.
Why It Matters:
India’s data centre industry is experiencing rapid growth, driven by cloud adoption, AI, and digital transformation. By securing long-term agreements, CLINT is positioning itself as a key player in India’s digital economy, while offering resilience and growth potential to stakeholders.
Sources: Reuters, Economic Times, Moneycontrol