Express Computer
Home  »  News  »  Equinix invests Over US$ 9 mn to acquire land in Chennai for expansion

Equinix invests Over US$ 9 mn to acquire land in Chennai for expansion

0 140

A half billion digital users, coupled with hybrid multicloud adoption, are driving an exponential growth in the demand for digital infrastructure in India. Equinix, Inc., a digital infrastructure company, has announced an investment of over US$ nine million to acquire a parcel of land in Chennai on a long-term leasehold basis as part of its expansion and growth strategy in India.

According to a Nasscom report, over 80 third-party data centers are currently in operation in India, and investments from both local and international players are expected to reach US$ 4.6 billion per year by 2025. With a strategic location, access to subsea cable landing stations, stable power supply and thriving IT infrastructure, Chennai is steadily emerging as a data centre hub, and has made it to the top ten markets to watch in the world, according to Cushman and Wakefield’s 2021 Global Data Center Market Comparison report.

The parcel of land is located in the State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT) IT Park, providing a total space of more than 5.5 acres. It is strategically located in the Siruseri area, which is known as the IT Corridor of Chennai, with large and upcoming IT parks and well-established telecom networks.

Manoj Paul, Managing Director, Equinix India commented, “With the infrastructure status for data centers recently announced by the Indian government, India is well-positioned to grow as one of the most important data center hubs in South Asia. There is a lot of momentum and interest from large global players to establish and expand their footprint in India. Many of our customers are keen to expand beyond Mumbai, and Chennai is often their next requested destination. Thanks to the Industries Department, Government of Tamil Nadu, SIPCOT and Guidance Tamil Nadu for their support of Equinix’s growth into Chennai. At Equinix we are focused on enabling digital business in the locations our customers request.”

 In 2021, Equinix entered India through the acquisition of two data centers in Mumbai, named MB1 and MB2. The two data centers in Mumbai are home to the digital infrastructure of numerous global organisations and provide a total of 1,350 cabinets.

Equinix also launched a Global Center of Excellence (GCoE) in India, which will provide customers and employees with innovative and automated digital technologies to improve the resilience of their digital infrastructures.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image