Data Centre Industry Has Rs 1.20 Lakh Crore Investment in Pipeline: Report
Data centre capacity in India is estimated to post a five-fold jump in the next five years and attract an investment of around Rs 1.20 lakh crore during this period, as per a recent report by rating agency ICRA.
The Indian data centres industry has been clocking impressive growth for the last five years, and the coming years are expected to be even better. Around 3,900-4,100 MW of capacity is estimated to be added. The sector will attract investment to the tune of Rs 1.05-1.20 lakh crore, the report said.
Aditya Kushawaha, CEO and Director, Axis Ecorp, said, "The Indian real estate sector has made a strong recovery post-pandemic. The data centres segment is seen as a sunrise sector, and in the budget 2022-23, it has been awarded an infrastructure status. This will help the companies in this segment to get longer tenured debt at competitive rates. There is already a healthy influx of PE investments in this sphere, and the demand has constantly increased. As we step into the 5G era, we believe that this demand will grow even further".
