IFC Commits $371 Mn In Sify Arm To Build Two Data Centres

by · Inc42

SUMMARY

  • The financial package includes a loan of $71 Mn and $300 Mn in additional support via debt mobilisation to support SISL’s growth and expansion in India
  • Under the project, the upcoming data centres will be designed for AI-ready workflows and will incorporate energy-efficient cooling systems
  • This comes barely a day after Canada Pension Plan Investment Board announced that it was investing ₹4,000 Cr to acquire an 8.2% stake in data centre startup CtrlS