Part of the company's global investment of $1.2 billion, it is IBM's second such centre in India. The first one in Mumbai offers private cloud computing services. Its cloud clients include Tata Sky, Bharat Light and Power, Janalakshmi Financial Services and Mankind Pharma.
"With a local onramp to IBM Cloud, Indian customers, especially those in regulated industries, gain more flexibility to store and compute data within the country," IBM Cloud senior vice president Robert LeBlanc told reporters.
Also Read
He, however, did not disclose details about specific investments on the centre and the size of the centre.
IBM has cloud centres in cities such as London, Beijing, Melbourne, Toronto and Dallas.
The centre will help IBM tap into government initiatives like 'Digital India' and 'Smart Cities'. It will also enable the company to tap into data sensitive sectors like banking, financial services and telecom that often mandate that data be hosted in local data centres.
Earlier this year, Microsoft had also announced setting up of three local data centres in India to tap into what it believes is a $2 trillion cloud opportunity.
"India's cloud market is poised for exponential growth... The Chennai data centre will support India's growing customer demand for in-country cloud solutions with faster network speeds," LeBlanc said.
IBM has also partnered IT industry body Nasscom for the latter's 10,000 startups initiative.
"In an effort to accelerate digital transformation both at the enterprise and startup level, IBM is establishing a partnership with Nasscom to launch Techstartup.In, a digital hub wherein the entire Indian startup ecosystem, including angels, mentors, investors, academia and venture capitalists, can interact with each other to grow the cloud market," IBM GM, Cloud Ecosystem and Developers, Sandy Carter said.
Highlighting the role that the Chennai data centre can play for startups, LeBlanc said developers and startups are an integral part of India's ecosystem and key to Digital India initiative.
A study suggests that by 2018, India will have 5.2 million developers, surpassing the US, he said.
"This growth will only increase as thousands of startups are expected to establish themselves in India, generating employment opportunities. This will not only pave the way for innovative services, but will also act as a major booster for the development of the Indian economy," he added.
IBM has also launched two initiatives - Works Premium and a cloud certification programme - to enable developers with tools and skills to compete and innovate in the global marketplace.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)