Anant Raj Cloud Private Limited Enters MoU with Andhra Pradesh Economic Development Board for Data Center Development

Anant Raj Cloud Private Limited (ARCPL), a wholly owned subsidiary of Anant Raj Limited, has entered into a Memorandum of Understanding (MoU) with Andhra Pradesh Economic Development Board, Government of Andhra Pradesh (APEDB) for the development of new Data Center facilities along with IT Park in Andhra Pradesh. ARCPL will make a direct investment of approximately Rs. 4,500 Crores, to be executed in two phases, for the establishment of a Data Center cum IT Park in the State of Andhra Pradesh. This investment is expected to create around 8,500 direct and 7,500 indirect jobs. APEDB will facilitate necessary support for the implementation of the project.