CHENNAI: Tamil Nadu Chief Minister MK Stalin on Friday inaugurated American firm Equinix’s first International Business Exchange (IBX) data centre at SIPCOT IT Park, Siruseri.
Tamil Nadu government looks at this project in fulfilling its target of making the state a $1 trillion economy by the end of this decade.
Also the State is making strenuous efforts to become a leading hub for AI and digital services.
Calling data “the new oil” and Tamil Nadu “the refinery,” Chief Minister Stalin said the state is focused on attracting investments in cutting-edge technologies that can generate high-paying jobs and boost economic growth.
The MoU for this project was signed during the Investors’ Meet held in July 2022, and the foundation stone for this project was laid by Chief Minister MK Stalin.
State Industries Minister TRB Rajaa, top government officials, and company representatives were present at the function.
Equinix’s International Business Exchange data centre has been established at a cost of Rs. 574 crore ($65 million). This comes at a time when several multinational firms are setting up their Global Capability Centre (GCCs) and data centres across major cities in India.
Headquartered in the US, Equinix is a digital infrastructure company that provides connectivity solutions to global businesses. With the aim of providing an optimal infrastructure for Artificial Intelligence and new generation technologies, the firm has established and operates data centre in multiple nations.
