To support India’s growing digital economy, which is expected to reach US$1 trillion by 2026, Equinix – a digital infrastructure company – has announced an investment of US$42 million for its fourth International Business Exchange (IBX) data centre in Mumbai, called MB4. The new facility will allow local and overseas businesses to expand their digital capability as a foundation to accelerate Digital Transformation in India.
According to JLL, a leading global commercial real estate and investment management company, the Indian data centre industry reached 637MW as of H1 2022 and is expected to reach 1,318MW by 2024. In addition, the Equinix Global Tech Trends Survey 2023 indicates that 85% of IT leaders surveyed in India plan to increase spending on interconnection in the next 12 months. The addition of MB4 will expand Equinix’s digital infrastructure capacity in India to address the rising demand for data centre and interconnection services among businesses.
“The increased digitalisation of the economy is constantly driving the need for data centre and interconnection services in India,” said Manoj Paul, Managing Director, Equinix India. “The availability of MB4, expected in Q4 2023, will allow us to continue serving our customers’ needs in India, enabling them to leverage our interconnection platform for efficient connectivity to multiple cloud service providers, network service providers and other businesses. This will help existing and new customers accelerate their Digital Transformation journey.”
MB4 will offer expanded connectivity options to major telco networks along with Metro Connect availability to the highly connected Equinix data centre sites of MB1 and MB2. Scheduled to open in Q4 2023 (subject to regulatory approvals), the first phase of MB4 will provide an initial capacity of 350 cabinets. When fully built out, the facility is expected to provide 700 cabinets.
Equinix operates 250 data centres across 71 metros, providing digital infrastructure for more than 10,000 of the world’s leading businesses. In APAC, Equinix currently operates 52 data centres in key metros across Australia, China, Hong Kong, India, Japan, Korea and Singapore. The company also recently announced its plans to enter Malaysia and Indonesia to support business expansions into these emerging markets in the region.
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