Data centres in India attract investment of US$ 10 bn since 2020
According to real estate advisor Colliers India, investments in data centres have totalled US$ 10 billion (about Rs 81,247 crore) since 2020 as demand for such facilities has increased due to a rapid increase in data consumption. The advisor predicted that India's data centre stock is likely to double to roughly 20 million square feet by 2025 from its present capacity of 10.3 million square feet in its paper titled "Data Centre: Scaling up in Green era."
Currently, India's top seven cities — Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata — collectively have around 770 MW of data centre capacity.
The tremendous boom in data consumption caused by digitalisation, greater cloud use, etc. over the past two years has been driving India's data centre expansion. Data centre operators are also encouraged by the incentives offered by various states, such as subsidised land and stamp duty exemption, etc. Since 2020, data centres have witnessed a surge in collaborations between developers and international operators and have garnered a total of US$ 10 billion in investments. Investors include corporations, real estate developers, private equity funds, and international data centre operators aiming to grow into India.
In order to minimise their environmental effect and achieve maximum efficiency, international operators are spending more on low-carbon and energy-efficient technology. Edge data centres are India's next big business opportunity, which promotes the sustainable transition of data centres by having a lesser environmental impact and less energy consumption.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.