To seize the growing demand for data centres in India, Singapore-headquartered data centre outsourcing company Bridge Data Centres will invest close to $500 million over the next two years.
Bridge Data Centre was founded in November 2016 by industry veterans – Michael Foust and Kris Kumar in partnership with Bain Capital. It plans to set up a greenfield facility in Mumbai and other key markets, and to invest in data centre acquisitions, operations and co-location services.
Kris Kumar, chief executive of Bridge Data Centres said, “Of the $1-billion corpus from Bain Capital, we will deploy $400-500 million over the next two years across markets in India.“
Commenting on recent development, Kumar also added, “The demand for data centers has grown to rates of 25-30% a year now which is not unusual for a market that is vibrant in terms of digitisation.“
The Indian market is seeing a dramatic growth in data centre demand and current data centre capacity in India falls short of global standards in terms of design, construction and operations.
Bridge Data Centres is well positioned to lead the change and deliver value to customers in a fast-moving, high-growth technology ecosystem that relies on data centre infrastructure for its operations.
Globally, about 2.5 quintillions of data are generated every single day through emails, Google searches, tweets and videos. Data centres are storehouses of these data spread across thousands of square kilometres which need to be accessed without any downtime.
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Bridge Data Centres takes the burden of capital expenditure. It provides pace, power, cooling, operations, and physical security for the server, storage, and networking equipment of other firms.
According to the Telegraph, 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.”
Bridge Data Centres is currently focusing on India and Asia Pacific as key markets for its first stage investments. It is in talks to expand across Australia, China, Japan, Hong Kong, Indonesia and Philippines with a further $220 – 250 million of investment.