"Sify Announces ₹9,000 Crore Investment Plan for Data Centers Over Six Years"

In response to the burgeoning data consumption trends sweeping across the nation, Sify Technologies, headquartered in Chennai, has unveiled an ambitious investment plan totaling ₹9,000 crore over the next five to six years. These substantial funds will be directed towards greenfield data center projects, with the objective of significantly augmenting the company's data center capacity from its current 100 MW to an impressive 350 MW.

Sify Technologies, a prominent player in India's digital infrastructure landscape, is already in the midst of ongoing projects, representing a substantial investment of ₹3,000 crore. These endeavors underscore the company's unwavering commitment to remaining at the forefront of the nation's rapidly evolving digital ecosystem.

MP Vijay Kumar, Executive Director and Group CFO of Sify Technologies Ltd, shared details of the allocation of these substantial funds. He noted, "Of the ₹9,000 crore investment plan, ₹3,000 crore is allocated to our ongoing projects. Additionally, we are gearing up to launch new ventures in key cities, including Chennai, Mumbai, Noida, and Bengaluru, with operations set to commence early next year. An additional ₹3,000 crore has been earmarked for these upcoming initiatives."

This strategic investment is poised to not only enhance Sify's capacity to meet the surging data demands of the nation but also solidify its position as a leading player in the data center industry. As India's digital transformation accelerates, the expansion of data center infrastructure remains paramount in ensuring a seamless and resilient digital future.

HBL