<p>India's Reliance Industries said on Monday it would invest up to 10 billion Indian rupees ($122.24 million) in building data centres in the country along with Canada-based Brookfield Infrastructure.</p>.<p>The announcement comes at a time when data centre capacity in India is expected to rise exponentially as more people go online.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/reliance-retail-revamping-trends-stores-with-new-age-tech-enabled-features-1239852.html">Reliance Retail revamping Trends stores with new-age, tech-enabled features</a></strong></p>.<p>Reliance will initially invest about 3.78 billion rupees in units of Mercury Holdings SG Pte, which is a joint venture (JV) between Brookfield Infrastructure and U.S.-based real estate investment trust Digital Realty.</p>.<p>The JV is currently building data centres in Chennai and Mumbai. The Mukesh Ambani-owned company has committed to invest the remaining 6.22 billion rupees in equity and debt securities of the JV's units, when needed.</p>.<p>Reliance will hold a 33.33 per cent stake in each of the Indian units of the JV and become an equal partner, it said, adding that the venture will be branded as Digital Connexion.</p>.<p>India's data centres market is expected to grow 40 per cent a year and draw $5 billion in investments by 2025 according to a report from investment bank Avendus Capital.</p>.<p>Indian data center space is also heating up with Reliance's entry as Adani Enterprises' JV had already raised $213 million to fund under-construction data centres.</p>.<p><em>($1 = 81.8060 Indian rupees)</em></p>
<p>India's Reliance Industries said on Monday it would invest up to 10 billion Indian rupees ($122.24 million) in building data centres in the country along with Canada-based Brookfield Infrastructure.</p>.<p>The announcement comes at a time when data centre capacity in India is expected to rise exponentially as more people go online.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/reliance-retail-revamping-trends-stores-with-new-age-tech-enabled-features-1239852.html">Reliance Retail revamping Trends stores with new-age, tech-enabled features</a></strong></p>.<p>Reliance will initially invest about 3.78 billion rupees in units of Mercury Holdings SG Pte, which is a joint venture (JV) between Brookfield Infrastructure and U.S.-based real estate investment trust Digital Realty.</p>.<p>The JV is currently building data centres in Chennai and Mumbai. The Mukesh Ambani-owned company has committed to invest the remaining 6.22 billion rupees in equity and debt securities of the JV's units, when needed.</p>.<p>Reliance will hold a 33.33 per cent stake in each of the Indian units of the JV and become an equal partner, it said, adding that the venture will be branded as Digital Connexion.</p>.<p>India's data centres market is expected to grow 40 per cent a year and draw $5 billion in investments by 2025 according to a report from investment bank Avendus Capital.</p>.<p>Indian data center space is also heating up with Reliance's entry as Adani Enterprises' JV had already raised $213 million to fund under-construction data centres.</p>.<p><em>($1 = 81.8060 Indian rupees)</em></p>