By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Khabar Har DinKhabar Har DinKhabar Har Din
  • News
    • Auto
    • Sports
    • india
    • lifestyle
    • Travel
    • world
    • Tech
    • Business
    • Economy
    • education-career
  • Entertainment
    • Bhojpuri
    • Bollywood
    • Hollywood
    • Marathi
    • Movie reviews
    • Music
    • Punjabi
    • Telugu
  • Politics
    • Health
  • Trending
    • viral
  • Web Stories
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Mukesh Ambani’s Reliance Industries Invests $122 Million in Indian Data Centers Through JV
Share
Sign In
Notification Show More
Aa
Khabar Har DinKhabar Har Din
Aa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Khabar Har Din > Business > Mukesh Ambani’s Reliance Industries Invests $122 Million in Indian Data Centers Through JV
Business

Mukesh Ambani’s Reliance Industries Invests $122 Million in Indian Data Centers Through JV

News Desk
Last updated: 2023/07/27 at 9:57 PM
News Desk
Share
5 Min Read
Mukesh Ambani
Mukesh Ambani
SHARE

In a groundbreaking development, Mukesh Ambani‘s Reliance Industries has announced a massive investment of 10 billion rupees ($122 million) in India’s burgeoning data center industry.

The investment will be carried out through a strategic joint venture called “Digital Connexion,” which will see collaboration with two leading foreign companies, Canada-based Brookfield Infrastructure, and US-based Digital Realty Trust.

This milestone move marks an important step towards bolstering India’s digital infrastructure and supporting its rapidly growing digital economy.

Mukesh Ambani
Mukesh Ambani

The Rise of Digital Connexion:
Reliance Industries’ investment will be channeled into the establishment of two cutting-edge data centers. The first project involves the construction of a 20-megawatt (MW) data center atop an existing 100-MW facility in Chennai, while the second data center, boasting an impressive 40-MW capacity, will be situated in Mumbai.

- Advertisement -

With the Chennai center expected to be operational by year-end, Digital Connexion is wasting no time in solidifying its presence in India’s data center landscape. The recent acquisition of 2.15 acres in Mumbai further demonstrates their commitment to meeting the nation’s growing digital demands.

The Power of Strategic Alliances:
To fuel the growth and success of Digital Connexion, Reliance Industries has teamed up with industry giants Brookfield Infrastructure and Digital Realty Trust, with each foreign company holding an equal 33.3% stake in the project. Furthermore, Jio Platforms Ltd., a telecommunications unit under Reliance’s umbrella, will also possess an equal share in the special purpose vehicles established for these data centers.

This strategic alliance ensures a comprehensive approach to driving innovation and maximizing the potential of India’s data center market.

Mukesh Ambani
Mukesh Ambani

Unleashing India’s Digital Potential:
Serene Nah, the managing director and head of Asia-Pacific for Digital Realty, expressed confidence in the project, emphasizing that India represents an untapped market for data centers.

The rapid adoption of digital business models, a colossal population, and a technology-forward government combine to create an environment ripe for technological advancement and economic development.

- Advertisement -

The data centers’ strategic location in Chennai and Mumbai will enable them to capitalize on the surge in digital services, including streaming and gaming, amid the ongoing 5G rollout in India. Jio’s extensive 4G and 5G connectivity that covers 99.5% of the Indian population further enhances the project’s prospects.

Fueling India’s Data Center Industry Growth:
The timing of Reliance Industries’ investment couldn’t be more opportune. A report by renowned property firm JLL highlights that India’s data center industry is poised to drive an impressive demand for 9.1 million square feet of real estate, necessitating an investment of $4.8 billion over the next three years until 2025. Notably, India achieved a remarkable 31% increase in data center capacity during the second half of the previous year, adding 71.8 MW to its overall capacity. This upward trajectory signals immense potential for Digital Connexion’s growth and success.

Mukesh Ambani
Mukesh Ambani

Mukesh Ambani: A Driving Force:
Mukesh Ambani, the visionary billionaire and chairman of Reliance Industries, is a key driving force behind this strategic investment. Ranked second on India’s 100 Richest list by Forbes Asia, with a net worth of $88 billion, Ambani’s entrepreneurial acumen and visionary leadership continue to propel Reliance Industries to new heights.

- Advertisement -

With the conglomerate reporting an impressive $118.8 billion in revenue for the fiscal year ending March 2023, Ambani’s commitment to technological innovation and digital advancement is evident across the company’s diverse operations, ranging from petroleum refining to retail and digital services.

Reliance Industries’ substantial investment in the Indian data center industry through the Digital Connexion joint venture is a resounding testament to India’s growing potential as a global digital powerhouse.

With strategic partnerships, cutting-edge infrastructure, and visionary leadership, the venture is well-positioned to unlock India’s digital future and play a pivotal role in the country’s economic development. As the project takes shape, eyes are set on the digital horizon, anticipating transformative impacts for India’s digital landscape.

You Might Also Like

Super Food Giant Kenny Delights Enters Energy Drink Market with Sunny Leone as Brand Ambassador

From Retail Racks to Billion-Dollar Brands: Harshzad’s Game-Changing Strategies!

Failing an Aptitude Test Didn’t Stop Him: Discover How Akshat Chaturvedi Became a Tech Tycoon!

Celebrity-Endorsed “Adivasi Hair Oil” Exposed as Fake by Renowned Hair Expert

Mumbai Welcomes Its Largest Parenting Store as HunyHuny Opens 10th Store & 2nd in Maharashtra

TAGGED: Mukesh Ambani

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Gadar 2 Gadar 2 Trailer OUT: Sunny Deol Shines as Tara Singh, Grooves to Main Nikla Gaddi Leke
Next Article vijay verma tamnaah Tamannaah Bhatia and Vijay Varma’s Online Romance Takes Social Media by Storm
Leave a review Leave a review

Leave a review Cancel reply

Your email address will not be published. Required fields are marked *

Please select a rating!

Stay Connected

235.3k Followers Like
69.1k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
136k Subscribers Subscribe
4.4k Followers Follow

Latest News

IMG 20250507 233639
Pakistan Crisis: India’s Masterstroke… Without Fighting a War, Pakistan Loses ₹4 Billion Every Day! Beggars Can’t Be Choosers
india Trending world May 7, 2025
IMG 20250507 231731
Modi’s Ultimatum! ‘Sindoor’ Was Just a Trailer, Pakistan’s Fate Hangs in the Balance?
india Trending world May 7, 2025
IMG 20250507 232607
‘Scalp’s Reign of Terror! Terrorists Eliminated from 250 KM Away, Screams Echo in Pakistan!
india News Trending May 7, 2025
IMG 20250427 WA0050
Super Food Giant Kenny Delights Enters Energy Drink Market with Sunny Leone as Brand Ambassador
Bollywood Business Marketing April 27, 2025
- Advertisement -
//

We influence 20 million users and is the number one business and technology news network on the planet

Quick Link

Top Categories

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Khabar Har DinKhabar Har Din
Follow US
© 2022-24 Khabar har din. All Rights Reserved.
Logo-Khabar-Har
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Go to mobile version
Logo-Khabar-Har Logo-Khabar-Har
Welcome Back!

Sign in to your account

Lost your password?