India's data centre market attracts US$ 60 billion (Rs. 5,08,860 crore) investment during 2019-24: CBRE
- IBEF
- December 12, 2024
India's data centre market has attracted over US$ 60 billion (Rs. 5,08,860 crore) in investment commitments over the past six years, with total inflows expected to surpass US$ 100 billion (Rs. 8,48,100 crore) by FY27, according to a report by real estate consultant CBRE South Asia. Between 2019-24, both domestic and international investors have contributed significantly to this growth. Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal lead in cumulative investments. CBRE anticipates that the country’s data centre capacity will reach 2,070 MW by the end of FY25, currently up from around 1,255 MW. Mumbai remains the dominant hub, followed by Chennai, Delhi-NCR, and Bengaluru, which collectively account for 90% of India’s data centre stock.
The growth is driven by rising digital consumption, government initiatives, and investments from global operators and real estate developers. Chairperson & CEO of CBRE India, South-East Asia, Middle East & Africa, Mr. Anshuman Magazine, highlighted that demand from sectors such as banking, financial services, and insurance (BFSI), technology, and telecommunications, along with state-level policy incentives will continue to fuel this expansion. The 2020 Draft Data Centre Policy and the 2023 Digital Personal Data Protection Act (DPDPA) have created a favourable environment for data centre operators. India's data centre market is set to become one of the most attractive globally, with digital transformation, internet penetration, and AI-driven data workloads serving as key catalysts for future growth.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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