Equinix Expands into Chennai With USD 65 Million Knowledge Middle Funding


Equinix Expands into Chennai With USD 65 Million Data Center Investment
World digital infrastructure firm Equinix introduced the enlargement of its footprint in India with the institution of its first Worldwide Enterprise Change (IBX) knowledge heart, CN1, in Chennai. This transfer aligns with India’s imaginative and prescient to turn out to be a USD 1 trillion digital economic system by 2027-2028, Equinix mentioned in a press release on Tuesday.

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Equinix CN1 Knowledge Middle in Chennai

The CN1 knowledge heart, positioned on almost 6 acres in Siruseri, Chennai’s tech hub, will open in This fall 2024 following an preliminary funding of USD 65 million. This facility goals to help enterprises and hyperscalers, together with AI deployments, fostering innovation and digital transformation in India, the corporate mentioned.

CN1 will probably be located in SIPCOT, Siruseri, 28 kilometers from Chennai’s Central Enterprise District and near future submarine cable touchdown websites. The four-story facility will finally home 4,950 cupboards, with the primary part offering 850 cupboards.

Equinix’s Growth

Equinix mentioned this enlargement into Chennai follows its current launch of the MB4 knowledge heart in Mumbai and the upcoming MB3 facility, enhancing its digital infrastructure community in India. Equinix’s Mumbai knowledge facilities at the moment host over 300 corporations, together with main cloud service suppliers comparable to AWS, Google Cloud, Microsoft Azure, and Oracle Cloud.

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Manoj Paul, Managing Director, Equinix India, commented: “We’re witnessing India’s rising prominence as a pivotal knowledge heart hub in South Asia, pushed by sturdy curiosity from main international gamers seeking to anchor and increase their operations right here, together with Indian enterprises increasing their digital infrastructure to help the expansion of one of many fastest-growing economies on the planet.”

“Equinix has probably the most hyperconnected knowledge heart campus in Mumbai with the most important focus of cloud on-ramps, telecom service suppliers, Over-the-top (OTT) media service suppliers, web exchanges, and monetary ecosystems. The addition of our Chennai knowledge heart will additional lengthen this ecosystem to prospects in Chennai.”

“We’re grateful for the help now we have acquired from the Industries and IT Division, Authorities of Tamil Nadu; SIPCOT; and Steerage Tamil Nadu, which have facilitated our entry into the Chennai market,” Manoj¬†added.

Additionally Learn: Equinix Plans USD 94 Million Funding in Third Rio de Janeiro Knowledge Middle, Brazil

Sustainability and Renewable Vitality

Equinix says its amenities in India, together with the upcoming amenities in Chennai and Mumbai, CN1 and MB3, are anticipated to be 100% powered by renewable vitality. The corporate goals to attain local weather neutrality by 2030, having already reached 96 p.c renewable vitality protection globally in 2023.

Equinix Presence

Globally, Equinix operates 260 knowledge facilities throughout 71 metros in 33 international locations. Within the Asia-Pacific area, Equinix at the moment has 56 knowledge facilities in key metros throughout Australia, China, Hong Kong, India, Japan, Korea, Malaysia, and Singapore.