Equinix expands footprint in Mumbai
Equinix has announced an investment of $42 million for its fourth International Business Exchange (IBX) data center in Mumbai, called MB4. The new facility will allow local and overseas businesses to expand their digital capability as a foundation to accelerate digital transformation in India.
According to JLL, the Indian data center industry reached 637 megawatts as of first half 2022 and is expected to reach 1.32 gigawatts by 2024. In addition, the Equinix Global Tech Trends Survey 2023 indicates that 85 percent of IT leaders surveyed in India plan to increase spending on interconnection in the next 12 months. The addition of MB4 will expand Equinix's digital infrastructure capacity in India to address the rising demand for data center and interconnection services among businesses.
"The increased digitalization of the economy is constantly driving the need for data center and interconnection services in India,” said Manoj Paul, managing director of Equinix India.