The investment is a bet by Stonepeak on the growing demand for digital infrastructure, particularly data centres supporting AI and cloud workloads.
India's data centre ecosystem is pivotal to its digital growth. Strategic reforms in taxation, regulation, and infrastructure are essential to attract investment, enhance sustainability, and build global digital leadership
From 15.9 million square feet, data centres' real estate footprint is expected to grow to 55 msf by 2030, Colliers has said in a report. Mumbai and Chennai cumulatively account for two-thirds of the current capacity
Cabinet also approves revised placement criteria and funding model under 'Nipuna Karnataka' to enhance youth employability
A rush by big tech firms, investment funds and other entities to erect server bases from the US to Asia is starting to look indiscriminate, the billionaire executive and financier said
The deals underscore the industry’s appeal in attracting a range of investors — from banks to real estate players — as the AI boom drives demand
India has been attracting billions of dollars in investments for setting up new data centres from global cloud services providers including Microsoft, Amazon Web Services and Google
L&T will deliver the data centre through the engineering, procurement and construction route, adding the facility will be equipped with advanced AI capabilities, with minimal environmental impact and maximum energy efficiency.
About 230 MW of data centre capacity was likely added in 2024, and 250 MW more is expected next year, taking India's total capacity to around 1.21 GW.
Earlier, Macrotech had also bought out real estate firm Ivanhoe Cambridge's stake in the three entities. The plan is in line with the company's strategy to increase annuity income
Tech titans Microsoft and Amazon are already betting on nuclear energy as a source of stable, low-carbon power to meet skyrocketing electricity demand from their data centers.
According to the report, the sector doubled from approximately 540 MW in 2019 to around 1,011 MW in 2023, making India among the fastest-growing data centres markets globally.
India’s colocation data centre capacity stood at 977 MW across the top 7 cities. Out of this, around 258 MW was built in 2023 witnessing a 105 percent year-on-year (YoY) growth over the installed capacity in 2022.
CareEdge Ratings in its report highlighted that the absorption levels have gone up from 82% in 2019 to 93% in 2023. As capacity was added, industry players' revenue increased by nearly 25% CAGR from FY17 to FY23
GCCs operating in the technology and telecom vertical constitute about 27 percent of the data centre demand, followed by banking, financial services, and insurance (BFSI) at 20 percent.
Uttar Pradesh Ground Breaking Ceremony: Investors are flocking to Gautam Buddh Nagar, especially the YEIDA and Greater Noida region, in view of the upcoming Noida International Airport in Jewar and the Film City project, officials said.
Zoho's plans to make data centre devices like servers to cut internal costs and then to eventually take it to the market said Sridhar Vembu co-founder and Chief Executive Officer of Zoho
The Authority has put on sale five data centre plots located in sector 28 and expects about Rs 220 crore in revenues.
The authority hopes to generate Rs 1,000 crore through the e-auction of these plots, which in total measure 70 acres.
In a statement, BAM Digital Realty said it has acquired 2.15 acres of land in Chandivali, Mumbai, to build a new state-of-the-art data centre, its second in India.
In May 2023, Colliers appointed Vijaya Ganesh as the managing director of Industrial & Logistics Services.
Plot sizes range between 20,000 and 40,000 square metres; applications open on June 12.
Seven cities contribute 92 percent of the total capacity in India. Delhi, Chennai, Hyderabad and Kolkata have the largest total DC capacity currently under construction.
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The state’s data centre policy offers various incentives such as capital subsidy, interest subvention, and stamp duty exemption, along with non-financial and energy-related incentives.
