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The Economic Times
The Economic Times

International Finance Corporation announces $371 million investment in data centre operator Sify

International Finance Corporation India IFC Sify Technologies Chennai Navi Mumbai

World Bank arm International Finance Corporation (IFC) on Thursday announced a commitment of $371 million for data centre operator Sify Technologies to develop two next-generation data centres in Navi Mumbai and Chennai, with a combined capacity of 103 MW.

IFC’s financial package for Sify Infinit Spaces Limited (SISL), a wholly owned subsidiary of Sify Technologies Limited, includes a $71 million (Rs 675 crore) direct loan, as well as $300 million in additional support through debt mobilisation to back SISL’s growth and expansion in India.

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