Reliance Industries JV, L&T to plough $13.5 billion into data centres
Hyderabad/new delhi, Nov. 27 -- India's data-infrastructure buildout hit a $13.5-billion inflection point on Wednesday, with a Reliance Industries Ltd (RIL) joint venture and Larsen & Toubro (L&T) announcing large-scale investments in data centres, driven by surging demand for artificial intelligence (AI) applications.
The announcements marked one of the largest single-day commitments to India's digital capacity, pushing total announcements this year to nearly $60 billion. Of this, nearly $53 billion has been announced cumulatively by RIL, L&T, the Adani and Tata groups, and the Big Tech trio of Google, Amazon and Microsoft.
On Wednesday, Digital Connexion, RIL's joint venture with Canadian asset management firm Brookfield and US-headquarte...
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