International Finance Corporation (IFC) commits USD 371 million to Sify for data centre expansion

Exam-focused facts from the 25 June 2026 current affairs briefing.

Key facts

The International Finance Corporation (IFC), a World Bank Group arm, has committed USD 371 million to Sify through a sustainability-linked loan.
The investment is partnered with Sify Infinit Spaces Ltd (SISL), a wholly-owned subsidiary of Sify Technologies Ltd.
The funding will support the development of two AI-ready, energy-efficient data centres in Navi Mumbai and Chennai with a combined capacity of 103 MW.
The IFC is working with SISL to mobilise an additional amount up to the Indian Rupee (INR) equivalent of USD 300 million for growth and expansion in India.
India accounts for 20 per cent of global data consumption, with over 1.2 billion mobile subscribers and over 1 billion internet users.