PDG plans infusing $1 bn for expansion in India amid AI data center boom

Quick Summary:

This move is part of the company’s larger $5 billion strategy aimed at strengthening its presence across Asia.

The expansion includes the construction of three additional buildings, which will bring MU1’s capacity to 150 MW, with the first phase of the 100 MW expansion expected to be completed by 2026.

In addition to strengthening its presence in Mumbai, PDG is entering Chennai, one of India’s key cloud infrastructure hubs.

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Category: BusinessFinance

Markets: IndiaChinaIndonesiaMalaysiaSingapore

Topics: Investment Data centre Artificial intelligence Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 16:52:00 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 22592176

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