Reliance-Brookfield to open a data centre in Chennai next week

Billionaire Mukesh Ambani has announced that his company Reliance Industries in partnership with Canada's Brookfield will open a data centre in Chennai next week. The joint venture will start the 20-megawatt greenfield data centre in Chennai next week and has also acquired 2.15 acres of land in Mumbai to build another 40-MW data centre. Reliance Industries Ltd is also investing in renewable energy and green hydrogen 

 

Reliance had in July last year invested about â‚¹378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate investment trust Digital Realty were already partners. The three own 33% each in the venture. 

 

"Reliance has partnered with Canada's Brookfield asset management and US-based Digital Reality to set up a state-of-the-art data centre, which will be opened next week," the chairman and managing director of Reliance Industries Ltd said. 

 

The Indian data centres market is expected to grow 40% a year and draw $5 billion in investments by 2025. It is already heating up with Reliance's entry to rival Gautam Adani's Adani Group and Sunil Mittal's Bharti Airtel Ltd. in recent months. 

 

The joint venture will start the 20-megawatt greenfield data centre in Chennai next week and has also acquired 2.15 acres of land in Mumbai to build another 40-MW data centre. 

 

Stating that Tamil Nadu has always been a land of rich cultural and intellectual heritage, Ambani said under the leadership of chief minister M K Stalin, the state has become one of the most business-friendlystates in the country.