Digital Realty and Brookfield Infrastructure have formed a joint venture to build and operate data centers in India.
The two companies will establish a 50:50 joint venture which will operate under the brand name BAM Digital Realty.
While the number and scale weren’t shared, BAM Digital Realty reportedly intends to acquire land parcels in “multiple Indian metros." Facilities developed in India will leverage Digital Realty's data center design and operating procedures and repeatable Pervasive Data Center Architecture (PDx) approach.
“India is a rapidly emerging data center market and offers a bright future, with accelerating adoption of digital business models among a population that recognizes the role of technology for future economic development,” said Digital Realty CEO A. William Stein. “We look forward to building upon our successful partnership with Brookfield by entering the Indian data center market together and extending opportunities for digital transformation.”
Together Digital Realty and Brookfield Infrastructure both own Latin American data center firm Ascenty, which has more than 250MW of capacity across 30 facilities in operation or development in Brazil, Chile, and Mexico.
“We are pleased to further expand both our partnership with Digital Realty and our presence in India through this joint venture,” said Arpit Agrawal, MD and Head of India & Middle East, Brookfield Infrastructure.
“Through the development of a high-quality, multi-city, India-focused data center platform, we believe BAM Digital Realty is well-positioned to play a meaningful role in addressing the large and growing data demand in the country and to offer a differentiated solution to customers.”
A number of data center and investment firms are making significant moves into India in 2021. CapitaLand, NTT, STT GDC, Iron Mountain, EdgeConneX, PDG, Hiranandani Group, and Reliance Jio have all made announcements around hyperscale facilities in the country this year.