It recently announced the purchase of 2.15 acres of land in Mumbai to build a 40MW data center. The first 20 megawatt greenfield data center in Chennai is expected to be completed by the end of this year, the joint statement said Monday. The venture is currently developing data centers in Chennai and Mumbai. Data center and compute capacity requirements of the country are set to jump on growing localization of personal data, increasing access to digital services and adoption of data-intensive technologies like artificial intelligence among other drivers. Reliance will invest 3.78 billion rupees ($46 million) in Mercury Holdings SG Pte., the Brookfield and Digital Realty joint venture, the Mumbai-based company said in a separate statement.Īmbani is wading into a market that has already seen investments announced by rivals Gautam Adani’s Adani Group and Sunil Mittal’s Bharti Airtel Ltd. The transaction is subject to regulatory approvals and is expected to be completed in about three months, they said. The three parties will each own 33% of the entity, known as ‘Digital Connexionn: A Brookfield, Jio and Digital Realty Company,’ the companies said in a joint statement. Mukesh Ambani’s conglomerate will enter an existing joint venture, in which Brookfield Infrastructure and Digital Realty are already partners. for developing data centers in India, heating up competition in the fast-growing market. has partnered with Brookfield Infrastructure and Digital Realty Trust Inc.
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