Equinix has announced an initial investment of over US$86 million to build its third International Business Exchange (IBX) data center in Mumbai, to be named MB3.
This initial investment includes an acquisition of a parcel of land, which provides a total space of nearly four acres, allowing Equinix to continue growing its rich ecosystem on Platform Equinix across India, supporting the country’s growing digital economy.
Strategically located in Mumbai’s Commercial district (Chandivali area), which is regarded as the retail data center sub-market, MB3 IBX will be adjacent to Equinix MB2 IBX data center and 1.5 kilometers away from MB1 IBX data center.
The first phase of MB3 is scheduled to open in Q2 2024, providing an initial capacity of more than 1,375 cabinets, and more than 4,150 cabinets when fully built out.
Manoj Paul, Managing Director, Equinix India, said: “The increasing digitalization of the economy is continuously driving the demand for data center and interconnection services in India. Particularly in Mumbai, the high demand for our digital infrastructure services among Indian and international customers is making us very optimistic about the market.
“We are focused on further investments in building the infrastructure in India to enable our existing and new customers in India to launch their services closer to their consumers.”
