Equinix To Invest Over USD 9 Million For Expansion In Chennai

: Equinix, a digital infrastructure company on Tuesday said it would invest over USD 9 million to acquire land on a long-term leasehold basis as part of its expansion and growth strategy in the city.

The parcel of land located in State Industries Promotion Corporation of Tamil Nadu (SIPCOT), Siruseri on the Old Mahabalipuram Road, popularly known as the IT corridor of the city.

"With the infrastructure status for data centres recently announced by the Indian government, India is well positioned to grow as one of the most important data centre hubs in South Asia.. Many of our customers are keen to expand beyond Mumbai and Chennai is often their next requested destination", Equinix India, Managing Director, Manoj Paul said in a company statement.

"Thanks to the industries department, Government of Tamil Nadu, SIPCOT and Guidance Tamil Nadu for their support to Equinix's growth into Chennai. At Equinix we are focused on enabling digital business in the locations our customers request", he added.

According to Cushman and Wakefield's 2021 global data centre market comparison network, Chennai was steadily emerging as a data centre hub, and has made it to the top 10 markets to watch in the world.

In 2021, Equinix entered India through the acquisition of two data centres in Mumbai, named MB1 and MB2. The two data centres in Mumbai are home to the digital infrastructure of numerous global organisations and provide a total of 1,350 cabinets, the statement added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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