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Blackstone launches its Asian Data center business from India

Blackstone launches its Asian Data center business from India

Blackstone launches its Asian Data center business from India: Global asset manager Blackstone Group has forayed into the data center business in Asia with a planned capacity across two large hyperscale data centers in India. It plans to increase it to 600 MW over the next two years through presence in five locations in the country. On November 15, 2022, Blackstone released Lumina CloudInfra, a data centre platform. At first, the data centre will be built in Mumbai and Chennai, and then in Delhi-NCR, Hyderabad, and Pune.

November 2022 Current Affairs Quiz

National Data Center:

What is a Data Center?

A data center is a facility that centralizes an organization’s shared IT operations and equipment for the purposes of storing, processing, and disseminating data and applications. Data centres are essential to the continuity of daily operations because they store the most critical and proprietary assets of an organization.

About the Blackstone:

The Real Estate and Tactical Opportunities funds of Blackstone own and manage the Lumina CloudInfra.  Blackstone’s current investments in digital infrastructure include QTS Realty Trust in US, which it bought in 2021 for about $10 billion, a string of data centers in Japan on long-term contracts with top cloud service providers, Phoenix Towers International, a private cell tower platform in America and Europe, and Hotwire Communications, a pioneer in fiber optic technology.

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