Equinix Expands into Chennai With USD 65 Million Knowledge Heart Funding

World digital infrastructure firm Equinix introduced the enlargement of its footprint in India with the institution of its first Worldwide Enterprise Change (IBX) information heart, CN1, in Chennai. This transfer aligns with India’s imaginative and prescient to develop into a USD 1 trillion digital economic system by 2027-2028, Equinix stated in a press release on Tuesday.

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Equinix CN1 Knowledge Heart in Chennai

The CN1 information heart, situated on practically 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 assist enterprises and hyperscalers, together with AI deployments, fostering innovation and digital transformation in India, the corporate stated.

CN1 might 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 in the end home 4,950 cupboards, with the primary part offering 850 cupboards.

Equinix’s Growth

Equinix stated this enlargement into Chennai follows its latest launch of the MB4 information heart in Mumbai and the upcoming MB3 facility, enhancing its digital infrastructure community in India. Equinix’s Mumbai information facilities presently host over 300 corporations, together with main cloud service suppliers reminiscent of 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 information heart hub in South Asia, pushed by robust curiosity from main international gamers seeking to anchor and develop their operations right here, together with Indian enterprises increasing their digital infrastructure to assist the expansion of one of many fastest-growing economies on this planet.”

“Equinix has essentially the most hyperconnected information heart campus in Mumbai with the biggest 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 information heart will additional lengthen this ecosystem to clients in Chennai.”

“We’re grateful for the assist we’ve got obtained from the Industries and IT Division, Authorities of Tamil Nadu; SIPCOT; and Steering 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 Heart, Brazil

Sustainability and Renewable Power

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

Equinix Presence

Globally, Equinix operates 260 information facilities throughout 71 metros in 33 nations. Within the Asia-Pacific area, Equinix presently has 56 information facilities in key metros throughout Australia, China, Hong Kong, India, Japan, Korea, Malaysia, and Singapore.