Digital Edge, AGP, and India’s NIIF Forms JV to Build Indian Data Center Portfolio
Posted on 01/05/2023
Digital Edge (Singapore) Holdings Pte. Ltd., India’s National Investment and Infrastructure Fund (NIIF) and AGP DC InvestCo Pte Ltd (AGP) (owned by AGP Sustainable Real Assets) have entered into a partnership to develop a pan-India portfolio of hyperscale data centers. The facilities will operate under the brand name Digital Edge DC and intend to support the country’s ongoing digital transformation and provide much needed capacity to the rapid growth of India’s cloud industry. Backed by Stonepeak Infrastructure Partners, Digital Edge has in excess of US$ 1 billion in deployed and committed capital.
The partnership’s first project is a greenfield 300MW hyperscale facility in Navi Mumbai, which is India’s biggest data center hub offering easy access to infrastructure, including power and fiber connectivity. Construction of the 47 acre site will commence in early 2023 and the facility will be built in multiple phases. Upon completion the data center will be fully operated by and marketed by Digital Edge DC. This partnership with NIIF and AGP marks Digital Edge’s entry into the India market, growing its platform to six countries across Asia.