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    Yondr Group, Everstone announce tie-up to develop and operate data centres in India

    The joint venture, with an initial capitalisation of $1 billion will support hyperscale clients and service the rapidly growing Indian market, the size of which is projected to exceed $4.5 billion by 2025, Yondr Group and Everstone said in a joint statement.

    Moneycontrol News
    July 28, 2021 / 02:59 PM IST
    Representative image

    Representative image

    Yondr Group, the Amsterdam-based global data centre major, has entered into a strategic tie-up with Singapore-based private equity firm Everstone Group to develop and operate data centres in India.

    "Operating under the brand name EverYondr, the first facility located in the Mumbai Metropolitan Region, for which land and power have already been acquired, will deliver 30MW by 2023 and 60MW of IT capacity when fully developed," said a joint statement issued by the two companies on July 27.

    The joint venture, with an initial capitalisation of $1 billion will support hyperscale clients and service the rapidly growing Indian market, the size of which is projected to exceed $4.5 billion by 2025, it added.

    The investment will be used to fund the development and operation of multi-locational hyperscale data centre business across important geographies in India, including but not restricted to the metros of Mumbai Metropolitan Region, Hyderabad, Bangalore, Chennai and National Capital Region (Delhi), the statement added.