Equinix to Invest USD 42 Million in New Mumbai Data Center

Equinix has announced an investment of USD 42 million in Mumbai's MB4 data centre, demonstrating its dedication to fuelling India's digital economy and satisfying the growing need for data centres and interconnection services.

Highlights

  • MB4 aims to accommodate rising demand for data centres and interconnection services.
  • Equinix's presence aligns with India's ambitious digitalization goals, in tandem with the Equinix Global Tech Trends Survey 2023 findings.
  • India's data centre industry is on a trajectory to reach 1,318 MW by 2024, according to JLL.

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Equinix to Invest USD 42 Million in Mumbai Data Center for Expansion

Global digital infrastructure company Equinix is investing USD 42 million in its fourth data centre (IBX) in Mumbai, MB4, to support India's booming digital economy. This move is aimed at meeting the increasing demand for data centres and interconnection services in the country, serving local and overseas businesses to expand their digital capabilities.




Also Read: Equinix Launches Second xScale Data Centre, TY13x, in Tokyo

Enhancing Connectivity and Capacity

According to Equinix, MB4 will provide expanded connectivity options to major telecom networks, along with Metro Connect availability to Equinix's other data centre sites, MB1 and MB2. The first phase of MB4, expected to open in Q4 2023, will offer an initial capacity of 350 cabinets, with plans to expand to 700 cabinets in the future.

Positioning for Digitalisation

Mumbai has two Equinix-owned IBX data centres - MB1 and MB2 offering access to major cloud service providers, including Amazon Web Services, Google Cloud, and Oracle Cloud and five internet exchanges.

Industry Growth

Equinix says this investment aligns with India's ambitious digitalization goals. The Equinix Global Tech Trends Survey 2023 highlights that 85 percent of Indian IT leaders plan to increase spending on interconnection in the coming year.

Also Read: Singtel Commences Construction of 58 MW Data Centre in Tuas, Singapore

According to commercial real estate and investment management company JLL, the Indian data centre industry reached 637 MW as of H1 2022 and is expected to reach 1,318 MW by 2024.

Supporting Digital Transformation

Equinix says its presence in India, with existing data centres MB1 and MB2 hosting global cloud providers and network services, positions it as a key player in supporting digital transformation journeys for businesses.

Strategic Expansion

Equinix revealed its intention to enter the Chennai market by acquiring 5.5 acres of land in March 2022. Additionally, Equinix announced plans to invest more than USD 86 million to construct its third data centre in Mumbai, named MB3, in June 2022.

Also Read: Equinix to Open Its First Data Center, KL1, in Kuala Lumpur in 2024

Equinix said its commitment to India's digital economy is further demonstrated by its plans to enter emerging markets in the Asia-Pacific region, such as Malaysia and Indonesia as reported by TelecomTalk.

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Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

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