Reliance Industries Enters Into Agreement To Invest Alongside Digital Realty And Brookfield Infrastructure To Expand Data Center Joint Venture In India
Portfolio Pulse from Happy Mohamed
Digital Realty (DLR), Brookfield Infrastructure, and Reliance Industries Ltd. (RIL) have announced a joint venture to develop data centers in India. The venture, named 'Digital Connexion: A Brookfield, Jio and Digital Realty Company', will leverage Digital Realty's data center platform, Brookfield's knowledge of the Indian infrastructure market, and Jio's digital and connectivity ecosystem. The Indian data center market is experiencing rapid growth due to the adoption of digital technologies and cloud computing.
July 24, 2023 | 8:16 pm
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POSITIVE IMPACT
Digital Realty's partnership with Brookfield Infrastructure and Reliance Industries to develop data centers in India could potentially boost its revenues and expand its global footprint.
The joint venture will leverage Digital Realty's data center platform, potentially leading to increased demand for its services. This could result in increased revenues and an expanded global footprint for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The joint venture between Digital Realty, Brookfield Infrastructure, and Reliance Industries to develop data centers in India could potentially boost the Indian economy and the performance of the iShares MSCI India ETF (INDA).
The joint venture could stimulate the Indian economy by creating jobs and attracting investment. This could potentially boost the performance of the iShares MSCI India ETF (INDA), which tracks the performance of the Indian stock market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80