Reliance partners Brookfield for India data centre business

Reliance Industries Ltd on Monday announced an agreement to invest alongside Brookfield Infrastructure and Digital Realty in special purpose vehicles developing data centres in IndiaReliance will hold a 3333 per cent stake in each of the five Indian special purpose vehicles and become an equal partner the company said in a statementDigital Realty Trust Inc is the largest provider of cloud and carrierneutral data centre colocation and interconnection solutions globally with 300 data centres across 27 countries They have a joint venture with Brookfield Infrastructure that is developing highquality highlyconnected scalable data centers to meet the critical infrastructure needs of enterprises and digital services companies in IndiaReliance will become an equal partner in the JV the statement saidMercury Holdings SG Pte Ltd is a 5050 joint venture between Brookfield Infrastructure and Digital Realty for development and operations of highquality scalable data centres in India through SPVs Reliance will take 3333 per cent in each of the five SPVs of Mercury HoldingsThe JV will be branded as Digital Connexion A Brookfield Jio and Digital Realty Company the statement saidThe JV is currently developing data centres in marquee locations of Chennai and Mumbai The JVs first 20 megawatt MW greenfield data center MAA10 on a 100 MW campus in Chennai is expected to be completed by the end of 2023The JV recently announced the acquisition of 215 acres of land in Mumbai to build a 40 MW data centerGiven the location of these sites the data centres will be connected to critical terrestrial connectivity infrastructure as well as undersea cables and will become hubs for global connectivity for Indian companies and gateways into India for multinational companies the statement saidData centre capacity in India is expected to increase multifold over the next few years Indians are already amongst the largest mobile data consumers globally This will further increase significantly with increasing access to various digital services like OTT platforms and gaming and the ongoing 5G rolloutAdoption of 5G use cases by enterprises will lead to the adoption of dataintensive technologies like internet of things IoT and artificial intelligence AI The ongoing innovations in generative AI technology have been enabled by hardware and data centre infrastructure and the requirement of these is only set to increase exponentially There is also an increased emphasis on localization of personal data within the country These drivers will significantly increase the data centre and compute capacity requirements of the countryData centres developed by the JV will leverage Digital Realtys industryleading energyefficient data centre platform design and operating procedures highlyrepeatable Pervasive Data Center Architecture approach and relationships with global customers Brookfields indepth knowledge of the Indian infrastructure market and Jios massive digital and connectivity ecosystem and very strong enterprise relationships with an existing client base of 80 per cent of large named private enterprises in India the statement saidSpeaking about the transaction Kiran Thomas CEO Jio Platforms Limited said the partnership will help the firm serve its enterprise and SMB clients with cuttingedge plugandplay solutions delivered from the cloud and lead their digital transformation and make them more competitive and efficientArpit Agrawal Managing Director Head of Infrastructure India amp Middle East Brookfield said data centres provide essential services and critical infrastructure to support the digitalization that is taking place in every aspect of life in India Together with Reliance and Digital Realty we look forward to providing the best of solutions to the digital transformation needs of Indian and global corporatesThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever