IFC invests $71 million in Sify Infinit Spaces for AI-ready centers
IFC (part of the World Bank Group) just invested $71 million in Sify Infinit Spaces to help build two massive, AI-ready data centers in Navi Mumbai and Chennai.
These centers, part of a broader plan to inject up to $371 million, will boost digital infrastructure for everything from banking, media, and e-commerce, making things more energy-efficient.
Funding aids Sify's ₹3,700cr IPO preparation
This move is all about strengthening India's digital ecosystem, bringing better cloud and AI services while also opening up new job opportunities.
regional industry director, infrastructure and natural resources in Asia and the Pacific, IFC, called it a big step toward fortifying India's tech landscape.
Sify's CFO Ganesh Sankararaman said the funding will give them an edge as they prepare for a ₹3,700 crore IPO (which was delayed because of market ups and downs).
With over 1 billion internet users, these upgrades are set to keep India's digital transformation rolling.