Brookfield Infrastructure and Digital Realty have formed a joint venture to develop and operate data centres in India.
The two companies will form a 50:50 joint venture to operate under the BAM Digital Realty brand.
While the exact number and scale of acquisitions have not been disclosed, BAM Digital Realty is reportedly looking to acquire land parcels in “multiple Indian metros.” Facilities developed in India will leverage Digital Realty’s data centre design and operations procedures, as well as its repeatable Pervasive Data Center Architecture (PDx) approach.
“India is a rapidly growing data centre market with a bright future, with accelerating adoption of digital business models and a population that understands the critical role of technology in future economic development,” said DR CEO A. William Stein.
Together, DR and Brookfield Infrastructure own Ascenty, a Latin American data centre company with over 250MW of capacity spread across 30 facilities in Brazil, Chile, and Mexico.
“We are pleased to expand both our partnership with Digital Realty and our presence in India through this joint venture,” said Arpit Agrawal, Brookfield Infrastructure’s MD and Head of India and the Middle East.
“By developing a high-quality, multi-city, India-focused data centre platform, we believe BAM Digital Realty is well-positioned to contribute meaningfully to meeting the country’s large and growing data demand and to offer customers a differentiated solution.”
In 2021, a number of data centres and investment firms will make significant investments in India, including CapitaLand, NTT, STT GDC, Iron Mountain, EdgeConneX, PDG, Hiranandani Group, and Reliance Jio.