Equinix invests over $9 million to acquire land in Chennai for expansion
Equinix Inc, a digital infrastructure company, today announced an investment of over $9 million to acquire a plot of land in Chennai on a long-term lease basis as part of its expansion strategy and growth in India.
According to a Nasscom report, more than 80 third-party data centers are currently operational in India, and investments from local and international players are expected to reach $4.6 billion per year by 2025.
With a strategic location, access to undersea cable landing stations, stable power supply and thriving IT infrastructure, Chennai is emerging as a data center hub and is among the top ten markets to watch. worldwide, according to Cushman & Wakefield. Global Data Center Market Comparison Report 2021.
The plot of land is located in State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT) Computer Park, offering a total space of over 5.5 acres. It is strategically located in Siruseri region, known as Chennai IT Corridor, with large upcoming IT parks and well-established telecommunications networks, the company said in a press release.
Manoj Paul, Managing Director of Equinix India, said, “With the status of data center infrastructure recently announced by the Government of India, India is well positioned to become one of the world’s fastest growing data center hubs. largest in South Asia. There is a lot of momentum and interest from big global players to establish and expand their footprint in India. Many of our clients wish to expand beyond Mumbai, and Chennai is often their next requested destination. Thanks to the Department of Industries, Government of Tamil Nadu, SIPCOT and Guidance Tamil Nadu for supporting the growth of Equinix in Chennai. At Equinix, we focus on enabling digital business in the locations our customers demand. »
In 2021, Equinix entered India through the acquisition of two data centers in Mumbai, named MB1 and MB2. The two data centers in Mumbai house the digital infrastructure of many global organizations and provide a total of 1,350 cabinets.
Equinix has also launched a Global Center of Excellence (GCoE) in India, which will provide customers and employees with innovative and automated digital technologies to improve the resilience of their digital infrastructures.
Globally, Equinix operates 240 international business exchangesMT (IBX®) data centers spread across 66 metros, providing digital infrastructure to more than 10,000 of the world’s largest companies. In Asia Pacific, Equinix currently has 52 IBX data centers in key metropolitan areas in Australia, China, Hong Kong, India, Japan, Korea and Singapore.
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Posted: Tuesday, March 22, 2022, 9:58 AM IST