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Equinix to invest $9 mn to acquire land parcel in Chennai for expansion

In Asia-Pacific, Equinix currently has 52 IBX data centers in key metros across Australia, China, Hong Kong, India, Japan, Korea and Singapore

Equinix
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BS Reporter Mumbai
Digital infrastructure company Equinix on Tuesday announced an investment of over $9 million to acquire a parcel of land in Chennai on a long-term leasehold basis as part of its expansion and growth strategy in India.

According to a Nasscom report, over 80 third-party data centers are currently in operation in India, and investments from both local and international players are expected to reach $4.6 billion per year by 2025.

The parcel of land is located in the State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT) IT Park, providing a total space of more than 5.5 acres. It is

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First Published: Mar 22 2022 | 1:47 PM IST

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