Digital Connexion, a joint venture between Mukesh Ambani ’s Reliance Industries Ltd., Brookfield Asset Management Ltd. and Digital Realty Trust Inc. has signed a pact to invest $11 billion by 2030 for developing a data center in southern India, marking the latest investment in one of technology’s fastest-growing arenas.
The closely held firm will construct a massive 1 gigawatt campus of artificial intelligence-native data centers in a facility spanning 400 acres (1.6187 square kilometers) in Visakhapatnam in the southern Indian state of Andhra Pradesh, Digital Connexion said in a press statement on Wednesday. It signed a memorandum of understanding with the Andhra Pradesh Economic Development Board, it added.