Rangu Salgame, chairman and CEO of digital infrastructure business Princeton Digital Group, discusses Asia’s key market drivers and the company’s expansion roadmap from expansion to capital raising and potential exit strategies.
Asia might not have made many headlines during the 2000s and early 2010s, but the continent is today the epicentre of data centre investment and expansions.
In this interview with The Tech Capital’s João Marques Lima, Rangu Salgame, chairman and CEO of digital infrastructure powerhouse Princeton Digital Group, who is on a multi-billion-dollar journey to build his hyperscale footprint across the region, discusses what the drivers are behind the continent’s digital acceleration.
Backed by Warburg Pincus, a global private equity firm, and Ontario Teachers’ Pension Plan, Canada’s largest single-profession pension plan, Salgame’s business dedicates itself to high-growth investments, developments and operating of internet infrastructure including over 20 data centres with presence in key digital economies across Asia including China, Singapore, India and Indonesia.
The company has committed over US$3 billion to projects in the near future, including $1 billion to build data centres in Japan and another $1 billion for site developments in China.
The other $1 billion are split across other countries including India and Indonesia, where the business is set to invest $150 million in a new greenfield development in Jakarta. And there’s more to come.
Salgame talks through these plans as well as how Covid-19 affected the expansion projects, what does it mean to break ground in India and whether Princeton is planning other investment rounds, acquisitions, or becoming a REIT, and what new geographies it will be expanding into next eventually driving the portfolio to 1GW of IT capacity across the Asia Pacific region.