Equinix, a data centre infrastructure business, said on Tuesday that as part of its development and growth plan in India, it will invest over $9 million to lease a 5.5-acre land piece in Chennai on a long-term leasehold basis.
The site is in the IT Park of the State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT). According to the corporation, it is ideally placed in the Siruseri region, which is renowned as Chennai’s IT Corridor, with huge and developing IT parks and well-established communication networks.
“With the Indian government’s recent announcement of infrastructure status for data centres, India is well-positioned to expand as one of the most significant data centre hubs in South Asia,” Manoj Paul, managing director of Equinix India, stated.
“There is a lot of momentum and desire from huge global businesses to set up shop in India and grow their presence.” Many of our customers want to extend their business beyond Mumbai, and Chennai is frequently requested as the next location. At Equinix, we’re all about enabling digital business in the places where our clients want it.”
Equinix entered India in 2021 with the purchase of two data centres in Mumbai, dubbed MB1 and MB2. The digital infrastructure of several multinational corporations is housed in the two data centres in Mumbai, which have a total of 1,350 cabinets.
Equinix has opened a Global Center of Excellence (GCoE) in India, where customers and workers will be able to access new and automated digital solutions that will help them increase the resilience of their digital infrastructures.
According to a Nasscom analysis, India presently has over 80 third-party data centres in operation, with annual investments from both domestic and foreign firms likely to reach $4.6 billion by 2025. Chennai is steadily emerging as a data centre hub, according to Cushman & Wakefield’s 2021 Global Data Center Market Comparison report, and has made it to the top ten markets to watch in the world, with a strategic location, access to subsea cable landing stations, stable power supply, and thriving IT infrastructure.
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Article Credits –
economictimes.indiatimes.com
