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The tax holiday for data centres will enhance India’s competitiveness in the global landscape and spur capex in related sectors too
Data Centre and AI-linked stocks jumped after Finance Minister Nirmala Sitharaman announced a tax holiday till 2047 for foreign companies providing cloud services globally from data centres based in India.
India ranks lower compared to many countries in terms of data centre investments
Discussions with potential clients are at an early stage and no binding agreements have been signed. The focus is on hyperscalers and AI-led firms looking for large-scale, high-density computing infrastructure
Union minister Piyush Goyal said nuclear power will complement solar and wind in meeting round-the-clock electricity demand in India.
The audit will span the entire stack of government information communication technology (ICT) assets, from routers, firewalls and intrusion-prevention systems to servers, virtual machines, cloud deployments, endpoint devices and security operations centres.
The reset marks a shift from strained political ties to renewed economic cooperation, with both sides eyeing deeper trade, technology and energy partnerships.
The rapid expansion of AI and cloud computing is driving this spending surge. The IEA expects electricity consumption from AI-focused data centres alone to increase fivefold by 2030.
Tata Power has 5.4 GW of projects in pipeline and we will be able to complete all this in the next two years. So, any new bid that we win will come only in the third year. This is in fact the current scenario for the entire renewable energy sector in India, which is why the government is reassessing its scale of tendering such projects, Sinha said.
While agrochemicals pose challenges due to the imports from China, order deferment, and US tariffs, off-take for new agro products, along with better realisations for refrigerants, should be helpful
He drew parallels with the U.S., where AI investment has soared into the trillions of dollars but raised concerns about rising electricity costs and limited productivity gains.
His Colossus supercomputers promise to fuel the AI race, but locals fear the costs in water, power, and pollution.
India proposes significant tax incentives for data centres as the country positions itself to capitalize on the AI boom and compete in the global digital infrastructure race.
Investments are pouring into edge data centres, AI-ready hyperscale campuses, and scalable fibre networks, with more than $15 billion already committed and deployed since 2020
The recent surge in AI workload is likely to bring in transformational changes to demand contours
The rapid rise in India’s digital consumption is propelling an unprecedented demand for data centres. But how sustainable is this growth?
Mumbai and Chennai dominate the data centre market, accounting for 70 percent of India’s total IT power capacity. Over the past five years, around 440 acres of land have been acquired for the creation of hyperscalers across three major cities which include Hyderabad, Mumbai and Pune.
The data centes are being developed in Bengaluru, Panvel and Mahape, L&T Cloudfiniti CEO Seema Ambastha has said. L&T already operates data centres in Mumbai and Chennai, with a combined capacity of 32 MW
Capital goods firms order flows portray a moderation in economic activity both in government and private sector capex, although some sectors are faring well
He shared that MoUs worth $20 billion to build data centres were signed at the World Economic Forum in Davos last month.
Data showed that over 200 acres of land were acquired in the top five cities including Mumbai, Hyderabad, Pune, Chennai and Bengaluru in 2024. Mumbai also led the absorption market with 53 percent of total absorption, followed by Hyderabad at 14 percent, and Chennai and Pune at 10 percent each.
Singtel and KKR, which together picked up a 26% stake in STT GDC for $1.3 billion in 2024, agreed to safeguards after CCI raised several red flags
India’s current data centre capacity stands at 1,255 MW, and it is projected to further expand to around 1,600 MW by the end of this year. It is expected to reach around 2,070 MW by the end of 2025, according to the CBRE report.
According to the report, PhonePe’s investment is aimed at enhancing its ability to comply with stringent data localization regulations imposed by financial regulators
Soaring power demand set to offer a multi-trillion dollar opportunity for India’s power sector in generation, distribution and more
