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RMZ98 j oint venture to invest $l.7 bn for India data centres
Mint Mumbai
|November 20, 2024
India's data centre capacity has doubled since 2019, with 26% projected CAGR over three years drawing investors
RMZ Digital Infrastructure Partners (RDIP), a part of real estate firm RMZ, has entered into a joint venture with Colt Data Centre Services (Colt DCS), a global hyperscale data centre operator, to jointly invest $1.7 billion to develop data centres across India. The equal partnership between RMZ and UK-headquartered Colt DCS plans to build data centres with a combined capacity of 250MW over the next 3-5 years.
In 2021, Fidelity Investments-backed Colt DCS had entered the Indian market, acquiring 15 acres in Airoli, Navi Mumbai, and another 10 acres in Ambattur, in Chennai.
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