India, June 19 -- World Bank's private lending arm International Finance Corporation (IFC) has announced a commitment of $371 Mn (Rs.3,500 Cr) in Sify Technologies' subsidiary, Sify Infinit Spaces Ltd. (SISL), to develop two data centres in Navi Mumbai and Chennai.

The two upcoming data centres will have a combined capacity of 103 MW. In a statement, IFC said that the financial package includes a loan of $71 Mn (Rs.675 Cr) and $300 Mn (Rs.2,830 Cr) 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. IFC added that the facilities will use renewable energy for ...