In a significant move for the data infrastructure landscape, Colt and RMZ have unveiled a joint venture worth $1.7 billion in India. This partnership aims to capture the burgeoning demand for data centers, supporting the increasing adoption of cloud computing, AI, and 5G technology.
This collaboration between Colt Data Centre Services and RMZ, a prominent Indian real estate developer, marks a major investment in the Indian data centre market. Initially, the funds will enhance Colt’s existing sites in Navi Mumbai and Ambattur, Chennai. A third site is expected to be added soon. Upon full development, the total capacity of these data centres will reach a combined 250MW.
Currently, Colt manages 16 data centers across Europe and Asia, including locations in Osaka, Mumbai, and London. Niclas Sanfridsson, CEO of Colt DCS, emphasized India’s strategic importance in the company’s growth plans. “In terms of our expansion, India remains a strategic country of focus and key in terms of delivering against our aggressive growth strategy.”
Deepak Chhabria, CEO of RMZ Infrastructure, noted the rapid evolution in the data centre sector. “We are witnessing an extraordinary shift in the data centre landscape, driven by the accelerating demands of cloud adoption and the AI revolution,” he stated. This venture seeks to cater to the nation’s burgeoning digital needs, fueled by the government’s aim to establish India as a regional data hub.
The Indian government is actively encouraging the development of data centers through subsidies and incentives. These are aimed at increasing digital infrastructure in critical regions. A recent report from Omdia indicates that India has more than 130 operational data centers, with over 35 additional sites set for deployment between 2024 and 2026.
