Colt & RMZ to invest $1.7 billion in data centre JV

Bengaluru: Bengaluru-based alternative asset owners RMZ, through its RMZ Digital Infrastructure Partners (RDIP), entered into a joint venture with data centre operator Colt Data Centre Services (Colt DCS), drawing up a  $1.7 billion investment plan to develop digital infrastructure.

Announcing this on Tuesday, the companies said the data centres will have a combined capacity of approximately 250MW on completion of all phases. The venture will have an equal partnership between RDIP and Colt DCS.

The investment will initially focus on expediting development at existing sites in Navi Mumbai and Ambattur, Chennai, with an additional third site to be added in future.

Deepak Chhabria, CEO of RMZ Infrastructure stated, “We are witnessing an extraordinary shift in the data centre landscape, driven by the accelerating demands for cloud adoption and the AI revolution. This is our opportunity to shape the future of data infrastructure in India, and we are ready to rise to the challenge.”

Niclas Sanfridsson, CEO of Colt DCS said, “In terms of our expansion, India remains a strategic country of focus and key in terms of delivering against our aggressive growth strategy. The partnership with RMZ will provide the opportunity to further accelerate and execute our ambitious plans.”

Colt DCS develops and operates data centres in Europe, Japan and India. RMZ develops, owns and operates infrastructure in India. The joint venture will mark RMZ’s entry into the digital infrastructure market.