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Reliance-Brookfield to open data centre next week: Ambani

Reliance-Brookfield to open data centre next week: Ambani

Billionaire Mukesh Ambani announced on Sunday that Reliance Industries, in collaboration with Canada's Brookfield, will inaugurate a data center in Chennai next week, marking its entry into the rapidly expanding market. Reliance had invested approximately Rs 378 crore in July the previous year to join an existing joint venture with Brookfield Infrastructure and US-based real estate investment trust Digital Realty, each holding a 33 percent stake. Ambani, Chairman and Managing Director of Reliance Industries Ltd, revealed at the Tamil Nadu Global Investors Meet that the group is venturing into renewable energy, green hydrogen, and establishing a data center in the state.

The Indian data center market, projected to grow by 40 percent annually with an expected investment of USD 5 billion by 2025, is witnessing increased competition with Reliance challenging Adani Group and Bharti Airtel Ltd. The 20-megawatt greenfield data center in Chennai will commence operations next week, while the joint venture has secured 2.15 acres in Mumbai for an additional 40-MW data center.

Ambani praised Tamil Nadu's business-friendly environment under Chief Minister M K Stalin's leadership, expressing confidence that it will soon evolve into a trillion-dollar economy. Reliance has actively contributed to the state's growth, investing in retail stores and bringing digital revolution benefits through Jio, which has invested over Rs 35,000 crore in the region. Ambani affirmed Reliance's commitment to further investments in Tamil Nadu, particularly in renewable energy and green hydrogen, emphasizing collaboration with the state government for sustainable development and climate crisis mitigation.

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Reliance-Brookfield to open data centre next week: Ambani

Reliance-Brookfield to open data centre next week: Ambani

Billionaire Mukesh Ambani announced on Sunday that Reliance Industries, in collaboration with Canada's Brookfield, will inaugurate a data center in Chennai next week, marking its entry into the rapidly expanding market. Reliance had invested approximately Rs 378 crore in July the previous year to join an existing joint venture with Brookfield Infrastructure and US-based real estate investment trust Digital Realty, each holding a 33 percent stake. Ambani, Chairman and Managing Director of Reliance Industries Ltd, revealed at the Tamil Nadu Global Investors Meet that the group is venturing into renewable energy, green hydrogen, and establishing a data center in the state.

The Indian data center market, projected to grow by 40 percent annually with an expected investment of USD 5 billion by 2025, is witnessing increased competition with Reliance challenging Adani Group and Bharti Airtel Ltd. The 20-megawatt greenfield data center in Chennai will commence operations next week, while the joint venture has secured 2.15 acres in Mumbai for an additional 40-MW data center.

Ambani praised Tamil Nadu's business-friendly environment under Chief Minister M K Stalin's leadership, expressing confidence that it will soon evolve into a trillion-dollar economy. Reliance has actively contributed to the state's growth, investing in retail stores and bringing digital revolution benefits through Jio, which has invested over Rs 35,000 crore in the region. Ambani affirmed Reliance's commitment to further investments in Tamil Nadu, particularly in renewable energy and green hydrogen, emphasizing collaboration with the state government for sustainable development and climate crisis mitigation.

 
 
 

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