Adani Enterprises, the flagship company of the Adani Group, has said that it has tied up with global data center operator Edgeconx to set up a joint venture to set up and operate data centers across the country. The two companies will have an equal stake in this plant venture.
Apart from full-scale data centers, AdaniKnex will also create a portfolio of strategically important modern data centers in the country to meet the needs of more anticipated capacity. Design and planning for these edge sites will be designed in such a way that it can be easily scaled up and converted into a full-scale data center based on demand. The company said that the most important thing is that this nationwide wide platform will be largely powered by renewable energy.
“Adani is our model partner in India,” said Randy Brookman, CEO of Edgeconx. He said, ‘They have the necessary capability and unique expertise to build a significant digital infrastructure in India. With this we can provide best services to our customers. We look forward to investing in India’s digital economy and meeting the needs of customers across the region. ‘
The joint venture will leverage Adani’s expertise in energy management, renewable energy and real estate development. Apart from this, he will also get the benefit of Adani’s competencies in the development and construction of large infrastructure projects across the country.
Adani Group Chairman Gautam Adani said, “The speed at which the entire Indian population went online and then the steady increase in data consumption is the best performance of Prime Minister Narendra Modi’s Digital India campaign.” The joint venture will focus on building a network of hyperscale data centers in India and will start with markets such as Chennai, Navi Mumbai, Noida, Visakhapatnam and Hyderabad. Development and construction work has already started at these places.
According to a recent report by CRISIL Research, localization of data and global epidemics has led to a wide increase in data centers. The data center sector is expected to invest $ 5 billion by March 2025 and will triple its capacity.
The report states that with the consumption of 360 MW of power by March 2020, the total capacity is expected to increase from 1,100 to 1,200 MW by the end of March 2025. Real estate developers like Hiranandani, Poornavkar, DLF etc. have already set up ventures to set up data centers. The Hiranandani Group plans to invest about Rs 8,500 crore over the next three years to develop data centers and industrial parks in various cities. DLF, the country’s largest real estate company, is investing Rs 130 crore to develop a data center in Noida.