Ad Enterprises, the flagship company of the Ad Group, one of India's largest multi-infrastructure orgsations and EdgeConneX, a leading global data centre operator with 50 facilities in 30 markets around the world, today announced the establishment of a 50:50 joint venture.
The JV will develop and operate data centres throughout India, leveraging the two partners complementary expertise and capabilities. To address the rapidly growing need for high-quality and reliable IT infrastructure both orgsations are committed to investing significant capital into the joint venture over the next decade to build out India's leading green data centre platform, a media release stated.
In addition to full-scale data centres, AdConneX will also develop a portfolio of Edge data centres strategically located throughout India that will support the need for more proximate capacity. These Edge sites are designed and planned to easily scale with demand and become full-scale data centre campuses. Importantly, this pan-Indian platform of hyperscale and hyperlocal data centres will largely be powered by renewable energy.
As a trusted provider of data centre solutions to some of the largest and most demanding service providers in the world, EdgeConneX brings extensive data centre expertise and industry-leading technology solutions to the venture.
"In Ad, we have the ideal partner in India," said Randy Brouckman, CEO of EdgeConneX. "They possess the necessary capabilities and unique expertise in India required to build out critical digital infrastructure that can best support our customers across the entire country. We look forward to investing in the digital economy of India and meeting our customers' needs throughout the region in collaboration with Ad."
The partnership will leverage Ad's expertise in full-stack energy management, renewable power and real estate development, as well as its experience in building and managing large infrastructure projects throughout India.
One of the best mfestations of our Honorable 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 Ad, Chairman of the Ad 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 centres are a fundamental infrastructure need of a nation. The Ad 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 centre business, we have been very impressed with the agility they bring to the joint venture."
The AdConneX JV will focus on building a network of hyperscale data centres in India, starting with the Chennai, Navi Mumbai, Noida, Vizag and Hyderabad markets. Development and construction at these sites have already begun.
EdgeConneX provides a full range of data centre solutions worldwide, from Hyperlocal to Hyperscale, from purpose-built to build-to-order, working closely with our customers to offer choice in location, scale, and type of facility.
Ad Enterprises Limited (AEL) is the flagship company of Ad Group, one of India's largest multi-infrastructure orgsations. Over the years, Ad Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities.
( With inputs from ANI )
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