The Canadian Brookfield has bought 30 acre land in Navi Mumbai, Maharashtra, for Rs 600 crore from K Raheja Corp to build a data centre on the plot. Brookfield Infrastructure, a part of Brookfield, recently formed a joint venture with Digital Realty for setting up and operating data centres in the country under the brand BAM Digital Realty.
The JV would expand Brookfield Infrastructure’s global data infrastructure portfolio, which includes $23 billion in assets across data transmission, distribution and storage. It has 139,000 operational telecom wireless towers in the country and intends to expand to 175,000 in the near term.
With the growing need for digital connectivity to work, learn and play leading to a sharp rise in data usage, the demand for data centres, too, has soared.
William Stein, Chief Executive Officer of Digital Realty said that India is a rapidly emerging data centre market with a bright future, with accelerating adoption of digital business models among a population that understands the importance of technology for future economic development.
Adani Group entered the data centre business earlier this year by forming a 50:50 joint venture with US-based EdgeConneX to build hyperscale data centres in six cities.
