Govt to provide infra status to data centres for cheaper finance
Technology

Govt to provide infra status to data centres for cheaper finance

The government has decided to provide infrastructure status to data centres (Dcs). It's expected that this would enable developers to access cheaper finance and also make investments into this segment.

Many state governments have already reported incentives for firms investing in data centres and have drawn investments from multinational companies (MNCs).

According to the media reports, for 2021, the hyperscale computing cloud earnings worldwide stood at $124.7 billion, out of which India accounted for $3.8 billion in revenue.

Data centre parks would also generate employment and lead to different information technology. The government's step would boost the ambition of India to become a major data centre player in the region.

Shishir Baijal, chairman and managing director, Knight Frank India, revealed that by 2026, they expect 2,500 MW of new data centre capacity would be required in India. Uttar Pradesh, which has an established data centre policy, expects the data centre sector to employ 4,000 people directly and 20,000 indirectly.

Vivek Dahiya, managing director-India lead at Cushman & Wakefield, told the media that this is a good time for the development of data centres as the 5G launch and data localisation would further lead to their more demand in India.

Niranjan Hiranandani, Chairman and Managing Director at Hiranandani Group, said that providing infrastructure status to data centres brings data centre development to avail long-term and affordable data localization, including the safety of data sovereignty during globalisation.

Image Source

Also read: India's digital infra needs up to $23 bn investment by 2025: Report

The government has decided to provide infrastructure status to data centres (Dcs). It's expected that this would enable developers to access cheaper finance and also make investments into this segment. Many state governments have already reported incentives for firms investing in data centres and have drawn investments from multinational companies (MNCs). According to the media reports, for 2021, the hyperscale computing cloud earnings worldwide stood at $124.7 billion, out of which India accounted for $3.8 billion in revenue. Data centre parks would also generate employment and lead to different information technology. The government's step would boost the ambition of India to become a major data centre player in the region. Shishir Baijal, chairman and managing director, Knight Frank India, revealed that by 2026, they expect 2,500 MW of new data centre capacity would be required in India. Uttar Pradesh, which has an established data centre policy, expects the data centre sector to employ 4,000 people directly and 20,000 indirectly. Vivek Dahiya, managing director-India lead at Cushman & Wakefield, told the media that this is a good time for the development of data centres as the 5G launch and data localisation would further lead to their more demand in India. Niranjan Hiranandani, Chairman and Managing Director at Hiranandani Group, said that providing infrastructure status to data centres brings data centre development to avail long-term and affordable data localization, including the safety of data sovereignty during globalisation. Image Source Also read: India's digital infra needs up to $23 bn investment by 2025: Report

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?