Brookfield, Digital Realty to jointly develop data centres in India

Brookfield Infrastructure, a subsidiary of Brookfield Asset Management in Canada, and Digital Realty, a global provider of data centres listed on the New York Stock Exchange, today announced the setting up of an equal joint venture to develop data centres in India. The joint venture (JV) will be known as BAM Digital Realty. The JV will add to Brookfield Infrastructure's global data infrastructure portfolio, which already includes $23 billion in assets across data transmission, distribution, and storage, as well as a portfolio of 139,000 operational telecom wireless towers in the United States. Brookfield Infra plans to increase this to 175,000. BAM Digital Realty intends to buy land in several Indian cities to build data centre campuses to support the needs of global hyper-scale service providers along with international and local enterprises. With the release from the JV, the joint venture will design, build, and operate sustainable facilities, drawing on the companies' broader commitments to sustainable operations, such as carbon reduction initiatives. William Stein, Chief Executive Officer of Digital Realty said that India is a rapidly emerging data centre market with a bright future, with accelerating adoption of digital business models among a population that understands the importance of technology for future economic development. Adani Group entered the data centre business earlier this year by forming a 50:50 joint venture with US-based EdgeConneX to build hyperscale data centres in six cities. Hiranandani group is also establishing data centres in India. Image Source Also read: Ascendas to invest Rs 1,200 cr for data centre campus in India Also read: ST Telemedia to invest Rs 1,100 cr in developing data centre in Noida