Business Standard

AIIB to invest $150 mn in development of data centres serving Asia

Many low- and mid-income countries lack their own domestic data infrastructure, and the disparities in data center penetration among countries with different income levels are wide


Photo: Reuters

Abhijit Lele Mumbai
Multilateral bank Asian Infrastructure Investment Bank (AIIB), will invest $150 million in the development of data centers that mostly serve emerging Asia.

Beijing-based AIIB, where India is a key founding member, will channelise funds through the Keppel Data Centre Fund II (KDCF II), a private equity vehicle managed by Alpha Investment Partners Limited (Alpha).

This is AIIB’s first data center project. Multilateral development banks have been investing in digital infrastructure in the past. Now, such investments are becoming more essential nowadays with the acceleration of 5G technology and other high-speed/supercomputing digital infrastructure due to the pandemic.

AIIB’s investment of $100
Topics : AIIB

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 21 2022 | 11:03 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to