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India’s data centre investments to exceed USD 100 bn by 2027: CBRE

LivemintLivemint · 9m ago
India’s data centre investments to exceed USD 100 bn by 2027: CBRE
Medial

Investment commitments in India's data centre market are projected to exceed $100 billion by the end of 2027, driven by strong demand and expansion in the digital infrastructure sector. Maharashtra and Tamil Nadu are emerging as preferred destinations for investment. Mumbai remains the dominant market, followed by Chennai, Delhi-NCR, and Bengaluru. The country's data centre stock is expected to grow from 1,255 MW to around 1,600 MW by the end of the year, with Mumbai and Chennai leading in supply additions. Demand from various sectors, including technology, BFSI, fintech, and media, is expected to contribute to occupancy rates. India's generative AI sector is also anticipated to boost data centre demand.

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Google to invest $10 Bn in Visakhapatnam data centre cluster

EntrackrEntrackr · 3h ago
Google to invest $10 Bn in Visakhapatnam data centre cluster
Medial

Google is planning a massive push in India by investing $10 billion to build a new data centre cluster in and around Visakhapatnam. The project will include three campuses in nearby villages such as Adavivaram, Tarluvada, and Rambilli, and will have a total power capacity of 1 gigawatt. Key infrastructure steps include laying three submarine cables, building cable landing stations, and deploying high-capacity fiber and telecom networks. Google aims to make these centres fully operational by July 2028. The deal is expected to be formalized when top Google executives meet with Andhra Pradesh’s IT and Electronics Minister Nara Lokesh in New Delhi on October 14. This will likely be the largest-ever direct investment by Google in India’s digital infrastructure. Earlier, Google had signed a memorandum of understanding with the Andhra Pradesh government in December 2024, soon after a change in state leadership. The state government is also pushing to amend laws and issues related to data to make it easier for such large digital projects to proceed. Visakhapatnam’s data centre cluster will be part of India’s first AI Infrastructure Hub, a zone meant to concentrate cutting-edge digital infrastructure. The aim is to boost advanced research, AI capabilities, and related technology growth in Andhra Pradesh and across India. At present, Google operates data centres in 11 other countries but has no cluster of this scale yet in India.

Sebi permits up to 100 % aggregate NRI corpus contribution for FPIs based out of GIFT IFSC

YourStoryYourStory · 1y ago
Sebi permits up to 100 % aggregate NRI corpus contribution for FPIs based out of GIFT IFSC
Medial

The Indian markets regulator, Securities and Exchange Board of India (SEBI), has allowed Foreign Portfolio Investors (FPIs) based in International Financial Services Centre (IFSC) to have up to 100% aggregate contribution from non-resident Indians (NRIs), Overseas Citizens of India (OCIs), and resident Indians (RIs). This move aims to increase investments in India by FPIs and addresses the demand for greater participation of NRIs and OCIs in FPI corpuses. Existing FPIs have six months to submit a declaration of their intent to have 50% or more of their corpus contributed by NRIs, OCIs, and RIs. The contribution of a single NRI, OCI, or RI cannot exceed 25% of the total FPI corpus, and the combined contribution from these individuals must not exceed 50%.

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