IFC Commits $371 Million to Develop AI-Ready Data Centres for Sify Technologies
The International Finance Corporation (IFC), part of the World Bank Group, is investing $371 million in Sify Infinit Spaces, the data centre arm of Sify Technologies, to develop two AI-ready, energy-efficient data centres in Navi Mumbai and Chennai with a combined capacity of 103 MW. This investment includes a $71 million direct loan and aims to support India's growing digital infrastructure needs, promote sustainable operations, and enhance services for sectors like banking, media, and e-commerce. The data centres will follow Indian Green Building Council Platinum standards and contribute to India's digital transformation and cloud computing expansion.