Indian conglomerate Reliance Industries, led by billionaire Mukesh Ambani, has announced a partnership with Canada’s Brookfield to open a data center in Chennai. This move marks Reliance’s entry into the rapidly growing data center market.
Last year, Reliance invested approximately Rs 378 crore to join an existing joint venture that already included Brookfield Infrastructure and US-based real estate investment trust Digital Realty. The three partners each own a 33 percent stake in the venture.
The joint venture is set to launch a 20-megawatt greenfield data center in Chennai next week. Additionally, the partners have acquired 2.15 acres of land in Mumbai to construct another data center with a capacity of 40 MW.
In his statement, Ambani praised the business-friendly environment created by the leadership of Tamil Nadu’s Chief Minister M K Stalin, stating that the state is on track to become a trillion-dollar economy. He also highlighted how the recent rollout of 5G in the region by Jio, a subsidiary of Reliance, will enable Tamil Nadu to benefit from technological advancements such as artificial intelligence, accelerating its economic growth.
Ambani further mentioned that Reliance is committed to making investments in Tamil Nadu, specifically in renewable energy and green hydrogen.
Overall, this partnership between Reliance Industries and Brookfield signifies Reliance’s foray into the booming data center industry in India. With the launch of the new data center in Chennai and plans for another in Mumbai, Reliance aims to capitalize on the increasing demand for data storage and processing capabilities in the country.
Frequently Asked Questions (FAQs) Related to the Above News
What is the partnership between Reliance Industries and Brookfield about?
The partnership between Reliance Industries and Brookfield aims to open a data center in Chennai, marking Reliance's entry into the growing data center market in India.
How much did Reliance invest to join the existing joint venture?
Reliance invested around Rs 378 crore to join the existing joint venture, which already included Brookfield Infrastructure and Digital Realty.
What stake does each partner have in the joint venture?
Each partner, namely Reliance Industries, Brookfield Infrastructure, and Digital Realty, owns a 33 percent stake in the joint venture.
What are the plans for the upcoming data centers?
The joint venture will launch a 20-megawatt greenfield data center in Chennai soon. Additionally, the partners have acquired land in Mumbai to construct another data center with a capacity of 40 MW.
Why did Mukesh Ambani praise Tamil Nadu's Chief Minister M K Stalin?
Mukesh Ambani praised Tamil Nadu's Chief Minister M K Stalin for creating a business-friendly environment and stated that the state is on track to become a trillion-dollar economy.
How does the recent rollout of 5G in the region benefit Tamil Nadu?
The recent rollout of 5G by Jio, a subsidiary of Reliance, in Tamil Nadu will enable the state to benefit from technological advancements such as artificial intelligence, which will accelerate its economic growth.
What other investments is Reliance Industries committed to in Tamil Nadu?
Reliance Industries is committed to making investments in renewable energy and green hydrogen in Tamil Nadu.
What is the purpose behind Reliance's entry into the data center industry?
Reliance aims to capitalize on the increasing demand for data storage and processing capabilities in India by venturing into the booming data center industry.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
