Digital Realty Trust: Digital Realty and Brookfield team up to develop data centers in India

Jul 16, 2021 | Posted by MadalineDunn

Digital Realty has announced that it has entered into a 50/50 joint venture agreement with Brookfield Infrastructure to develop data centers in India. The brand name of the joint venture is BAM Digital Realty.

Although precise details around the project are yet to be released, reports indicate that the two companies will seek to acquire land "multiple Indian metros."

Speaking about the reason for expansion in India, Digital Realty CEO A. William Stein said: "India is a rapidly emerging data center market and offers a bright future, with accelerating adoption of digital business models among a population that recognizes the role of technology for future economic development."
The two companies are planning to jointly invest over $2 billion for this project

He added: "We look forward to building upon our successful partnership with Brookfield by entering the Indian data center market together and extending opportunities for digital transformation.

Arpit Agrawal, MD and Head of India & Middle East, Brookfield Infrastructure, echoed this sentiment and said: "We are pleased to further expand both our partnership with Digital Realty and our presence in India through this joint venture,"

Further to this, he said: "Through the development of a high-quality, multi-city, India-focused data center platform, we believe BAM Digital Realty is well-positioned to play a meaningful role in addressing the large and growing data demand in the country and to offer a differentiated solution to customers."