Equinix to set up its Third Data Center in Mumbai investing over $86Million

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 4 acres, allowing Equinix to continue growing its rich ecosystem on Platform Equinix across India, supporting the country’s growing digital economy.

As the financial and commerce hub of India, Mumbai is the country’s top data center market and is expected to grow over 2.5 times to nearly 530 megawatts (MW) by 2023 as per a recent report by JLL.As the business capital of India, Mumbai hosts a dozen subsea cable landing points and the most cloud regions of global major cloud service providers. Equinix’s continued investment in Mumbai will further enhance its network-dense and interconnection-rich data center platform in India, meeting the significant demand from global and local customers. This expansion will support Indian organizations in enhancing their digital transformation strategies and enable global companies across sectors to expand their operations in India.

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 comments, “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. The close proximity of MB3 at Chandivali Farm Road to our existing data centers will enable us to form a robust campus so that our customers can leverage the dense ecosystems from any of our data centers in Mumbai. This investment will also be supporting the government’s vision to make India a key data center hub in South East Asia.”

JLL acted as the exclusive real estate advisor to Equinix in connection with the land transaction.