Synopsis
With this, Equinix’s India investment has touched a total of $365 million. Per Cyrus Adaggra, president for Asia-Pacific at Equinix, APAC is being seen as a safer and more reliable investment destination.“We will continue to invest here, but it will be entirely demand driven,” said Cyrus Adaggra, president for Asia-Pacific at Equinix, adding that India remains one of our most strategic markets globally.
He explained that geopolitical instability in West Asia is causing customers to rethink data localisation, redundancy, and infrastructure risk.
This shift is already influencing capital flows. Companies are diversifying workloads across regions, and the Asia-Pacific (APAC) region, and especially India, is emerging as a relatively stable destination for digital infrastructure investments.
“APAC is being seen as a safer and more reliable investment destination,” Adaggra noted, even as global customers actively build resilience into their deployments.
Equinix entered India in 2021 through the acquisition of two data centres in Mumbai and has since scaled to 300 customers, including network service providers, five internet exchanges, and enterprises across industries. It also hosts data processing for global hyperscalers, including Alibaba Cloud, AWS, Google Cloud, IBM Cloud, Oracle Cloud, etc.
Unlike some global peers that have partnered with Indian conglomerates, Equinix is taking a fully-owned route in the country. The company said it is not currently looking for local joint ventures and is funding its India expansion through foreign capital and debt.
Manoj Paul, managing director, Equinix India, said that several policy measures from the government have been instrumental in simplifying data centre build-outs.
“Government policy has been a key enabler for us. The data centre policy has offered several benefits, ranging from stamp duty waivers to other incentives. Most importantly, the renewable energy policy has enabled us to set up a solar power plant in Yavatmal (Maharashtra),” he said.
