Microsoft's Massive Investment in Hinjewadi Marks a New Era in India’s Tech Landscape
Microsoft's Landmark Land Acquisition
Microsoft has made a significant investment of Rs 520 crore in a 16.4-acre property located in Pune’s Hinjewadi. This acquisition underscores the tech giant's strategic focus on expanding its operational footprint in India.
Details of the Transaction
- The Indian arm of Microsoft, Microsoft Corporation (India) Private Limited, purchased the land to support ongoing development ambitions.
- This land deal, registered in August 2024, also involved a hefty stamp duty of around Rs 31.18 crore.
- Prior to this, Microsoft acquired additional properties, highlighting its rapid investments in commercial real estate.
Strategic Growth in Data Centers
As part of its broader strategy, Microsoft plans to establish more data centers in India, thus boosting local workforce capacity and enhancing operational efficiency. The tech firm already operates data centers in Pune, Mumbai, and Chennai, hosting over 23,000 employees across the country.
Future Aspirations
Microsoft also aims to equip 2 million individuals with necessary AI and digital skills by 2025 through a new initiative, illustrating its commitment to skills development in India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.