The National Payments Corporation of India (NPCI) will set up a data centre in Hyderabad with an investment of Rs 500 crore.
Telangana Information Technology and Industries Minister KT Rama Rao laid the foundation stone for the Tier-IV data centre at Narsingi.
The datacentre will be constructed by L&T. The data centre will protect the systems from natural calamities, ensuring smooth processing of data. It will have an eight-layer security, conforming to top global standards of data centres.
The data centre will host data related to a number of Digital India initiatives. It will make Hyderabad one of the major hubs for processing payments.
The Telangana Government has announced a Data Centre Policy to make Hyderabad a hub for data centres.
“Our focus will remain on enhancing acceptance infrastructure for digital payments so as to encourage customers towards digital transactions,” Dilip Asbe, managing director and chief executive officer of NPCI, said.