NEW DELHI: Equinix, a US-headquartered knowledge centre firm, has introduced an preliminary funding of $86 million to construct a brand new knowledge centre in Mumbai. The agency has acquired a four-acre land parcel within the metropolis’s Chandivali space.
The brand new knowledge centre, to be named MB3, can be Equinix’s third such facility in Mumbai. MB3 IBX can be adjoining to Equinix MB2 IBX and 1.5 km away from MB1 IBX knowledge centre.
The primary section of MB3 is scheduled to open in Q2 2024, offering an preliminary capability of greater than 1,375 cupboards, and greater than 4,150 cupboards when absolutely constructed out.
JLL acted because the unique actual property advisor to Equinix for the land deal.
Mumbai is the nation’s prime knowledge centre market and is predicted to develop over 2.5 instances to just about 530 megawatts (MW) by 2023 as per a latest report by JLL. Because the enterprise capital of India, Mumbai hosts a dozen sub-sea cable touchdown factors and essentially the most cloud areas of world main cloud service suppliers.
In March this 12 months, Equinix expanded into Chennai with a land acquisition of over 5.5 acres.
“Equinix’s continued funding in Mumbai will additional improve its network-dense and interconnection-rich knowledge centre platform in India, assembly the numerous demand from world and native prospects. This enlargement will assist Indian organizations in enhancing their digital transformation methods and allow world firms throughout sectors to develop their operations in India.
“The rising digitalization of economic system is repeatedly driving the demand for knowledge centre and interconnection providers in India. Significantly in Mumbai, the excessive demand for our digital infrastructure providers amongst Indian and worldwide prospects is making us very optimistic in regards to the market,” Manoj Paul, Managing Director, Equinix India stated.
“We’re centered on additional investments in constructing the infrastructure in India to allow our present and new prospects in India to launch their providers nearer to their customers,” he stated including that the funding can even be supporting the federal government’s imaginative and prescient to make India a key knowledge centre hub in South East Asia.
Globally, Equinix operates greater than 240 knowledge centres throughout 70 metros, offering digital infrastructure for greater than 10,000 of the world’s main companies. In Asia-Pacific, Equinix has 52 knowledge centres in key metros throughout Australia, China, Hong Kong, India, Japan, Korea and Singapore.
In line with a report by scores company CRISIL, knowledge centre capability in India is predicted to double to about 1,700-1,800 megawatt (MW) by fiscal 2025 from 870 MW in fiscal 2022, powered by the mix of knowledge increase, digital adoption and native knowledge storage mandates. Nitesh Jain, Director, CRISIL Rankings, stated knowledge centres are rising as a pretty infrastructure asset class in India. He added that the trade is predicted so as to add virtually 850-900 MW capability throughout fiscals 2023-25.
Supply: Live Mint