Adani Enterprises, the Adani Group's flagship company, and EdgeConneX, a leading global data center operator with 50 facilities in 30 markets worldwide, agreed to establish a 50:50 joint venture to develop and operate data centers throughout India, leveraging the two partners' complementary expertise and capabilities.
To address the rapidly growing need for high-quality and reliable IT infrastructure, both organizations are committed to investing significant capital into the joint venture over the next decade to build out India's leading green data center platform, said a company statement.
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"One of the best manifestations of our Prime Minister's Digital India vision is the speed with which the entire Indian population has come online and the subsequent continued exponential growth in data consumption," said Gautam Adani, Chairman of the Adani Group.
"India currently has one of world's largest data subscriber population and to address the need for a reliable infrastructure to support Cloud, Content, Network, IoT, 5G, AI, and enterprise requirements, data centers are a fundamental infrastructure need of a nation. The Adani Group brings to the table a unique combination of green power, real estate expertise, access to undersea cable landing stations, and several nodes across the country that will serve as edge locations. In addition to EdgeConneX's domain expertise and cutting-edge technology in the data center business, we have been very impressed with the agility they bring to the joint venture."