Reliance Industries Limited (RIL) has partnered with Brookfield Infrastructure and Digital Realty to invest in Indian Special Purpose Vehicles (SPVs) for data center development. RIL will hold a 33.33% stake in each SPV, becoming an equal partner.
The joint venture, named ‘Digital Connexion: A Brookfield, Jio, and Digital Realty Company,’ aims to revolutionize India’s data center landscape. Projects are underway in Chennai and Mumbai to meet the growing demand for secure and scalable data infrastructure.
The first data center, MAA10, is being constructed in Chennai and will be operational by end-2023 with a capacity of 20 MW. Additionally, a 40 MW data center is planned for Mumbai, enhancing connectivity for global enterprises.
With increasing 5G adoption and a thriving digital economy, data consumption is on the rise. The JV will leverage Digital Realty’s energy-efficient data center platform, Brookfield’s infrastructure expertise, and Jio’s extensive digital ecosystem.
RIL’s all-IP, 4G and 5G network covers 99.5% of India’s population, bolstering the JV’s connectivity to data centers across the country. The partnership aims to provide cutting-edge cloud solutions to businesses, supporting their digital transformation.
The transaction is subject to regulatory approvals and is expected to be completed in around three months. Once finalized, Digital Connexion will reshape India’s data center landscape, fueling unparalleled growth in the digital domain.