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Data centre industry has Rs 1.20 lakh crore investment in pipeline

Data centre industry has Rs 1.20 lakh crore investment in pipeline: Report

Jun 9, 2022 | By: Lokmat Times | Source Link

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.

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".

According to a recent report by Knight Frank, private equity investments in India (Q1 2022) reported a significant growth in private equity (PE) investments in data centres in India. It notes that the total PE investments in this sector were $2.209 billion in 2021, which is 259 per cent higher than what was clocked in 2016.

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