Singapore data centre company to invest $500mn into India
A Singapore based data centre provider has announced major plans to invest US$500mn in India over the next two years as it looks to take hold of the growing data centre market in India.
Bridge Data Centres, a partnership between industry veterans and Bain Capital, also announced that it is in “advanced stages” of acquisition in other Asia Pacific markets with a further US$220-250 mn level of investment.
Michael Foust, Executive Chairman of Bridge Data Centres said, "Bridge Data Centres aims to build a leadership position through market disruption.”
“Currently the market is underserved and supply-constrained and does not have world-class data centre facilities and operations. We plan to change this in the coming years and set the standard for data centre infrastructure in India."
According to data from Gartner, the current data centre market in India is valued at $2.2 billion, and is expected to touch $4.5 billion mark by 2018.
Kris Kumar, CEO of Bridge Data Centres added, "We are targeting a mix of acquisitions and greenfield investments depending on individual market dynamics and availability of opportunities.
“Our program is predicated on assembling a portfolio of high quality facilities that meet global standards of design, construction and operations. We plan to bring a differentiated product into the country that will define reliability, efficiency and scalability. By bringing a laser-sharp focus to our business model and offering in a market that is ripe for disruption, we will 'stick to our knitting' and operate in a space we know best."
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