EdgeConneX is getting started on a fourth continent via a key new partnership. They have formed a 50:50 joint venture with Adani Enterprises, an infrastructure specialist in India. The new JV will be called AdaniConneX and will take aim at data center opportunities across the country.
The plans call for as much as 1GW of data center capacity over the next decade, with both full scale facilities and scalable edge data centers. Adani will bring to the table its expertise in Indian real estate, green power, access to undersea cable landing stations, and several initial edge nodes. AdaniConneX will focus initially on the markets of Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad, for which development and construction is underway.
Partners are definitely the preferred path into the Indian infrastructure market, whose regulatory intricacies have proven difficult to navigate for international companies over the years. It's interesting that India has become EdgeConneX's first APAC investment, bypassing the Far East and Australia at least for the moment. The immense size of the underlying opportunity in terms of population and lack of coverage is surely the lure there. Just how EdgeConneX's approach to India will vary from the US, Europe, and South America will be worth watching.