Digital Realty, Canada's Brookfield, and Reliance launch US$1B joint venture for data centers in India

Company

Digital Realty

Law Firm / Organization
Digital Realty

Company

Brookfield Infrastructure

Law Firm / Organization
White & Case LLP

Company

Reliance Industries Limited

Law Firm / Organization
Shardul Amarchand Mangaldas & Co

On July 25, 2023, Digital Realty, Brookfield Infrastructure, and Reliance Industries Ltd. (RIL) formed a three-way joint venture named Digital Connexion to develop high-quality, scalable data centers in India. Each partner will hold a one-third stake in the venture, which is valued at approximately USD 1 billion (CAD 1.33 billion), and will initially focus on developing data center campuses in Chennai and Mumbai.

Digital Connexion combines Digital Realty’s energy-efficient data center platform and global customer relationships, Brookfield’s deep expertise in Indian infrastructure, and Reliance's vast digital ecosystem. With Jio’s extensive 4G and 5G connectivity and a presence in 99.5% of India, the JV is poised to accelerate India's digital transformation.

The venture will cater to cloud providers, hyperscalers, and enterprises, supporting India's ambitious goal of becoming a $1 trillion digital economy by 2025.

Joint Venture
Infrastructure
$ 1,330,000,000
Active