IFC commits $371M to Sify data centers in India

Economic Times reported that the International Finance Corporation, part of the World Bank Group, committed $371 million to Indian data-center operator Sify Technologies. The financing will support two next-generation data centers in Navi Mumbai and Chennai with a combined capacity of 103 MW. The investment is aimed at expanding India's digital infrastructure as demand grows for cloud, enterprise, and AI workloads. It adds another multilateral-finance signal to the wave of institutional capital backing AI-ready data-center capacity in India.

Key details: Published June 18, 2026 at 19:35 IST, IFC committed $371 million to Sify Technologies, The two data centers are planned for Navi Mumbai and Chennai, The facilities are expected to have a combined capacity of 103 MW.

Why it matters: India's AI infrastructure buildout is attracting development-finance capital, not just hyperscaler and pension-fund money, which broadens the pool funding compute capacity.