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
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000