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Data centre ecosystem to attract over Rs 45,000 crore investment by 2026: report

Economic Times

Economic Times · 1y ago

Data centre ecosystem to attract over Rs 45,000 crore investment by 2026: report

The Indian data centre industry is expected to attract investments exceeding Rs 45,000 crore and witness its existing data capacity doubling over the next three years, as per a report by Crisil. The demand for data and storage, along with long-term contracts, is driving this growth. Mumbai, NCR, Chennai, Hyderabad, and Pune are the key cities that will benefit from these investments. The report also highlights the importance of operational and technical expertise to meet service agreements. The rise in demand for cloud solutions and OTT platforms, along with regulatory focus on local data storage, are major factors driving this growth.

Related News

Blackstone to develop Rs 4,500 Cr data centre in Hyderabad

YourStory

YourStory · 7m ago

Blackstone to develop Rs 4,500 Cr data centre in Hyderabad

Blackstone has partnered with the Telangana government to develop a 150 MW data centre in Hyderabad, investing Rs 4,500 crore. Teaming up with JCK Infra, the data centre will support hyperscale clients, AI applications, and cloud services, enhancing the global digital ecosystem. This initiative aligns with Telangana's vision to attract global enterprises. Meanwhile, Microsoft plans a $3 billion investment in India to expand its Azure capacity and support AI development under the IndiaAI Mission.

Telangana seeks MeitY nod for pending semiconductor projects

Economic Times

Economic Times · 5m ago

Telangana seeks MeitY nod for pending semiconductor projects

Telangana is awaiting approval from the Ministry of Electronics and Information Technology (MeitY) for three semiconductor investment proposals, complementing recent approvals for electronics manufacturing clusters (EMCs) and a common facility centre. These projects represent a total investment of Rs. 1778.86 crore. The state aims to strengthen its electronics ecosystem and attract more investments. Meanwhile, Karnataka has submitted multiple applications under various MeitY schemes, valuing Rs. 183,623.31 crore, to bolster its manufacturing sector.

NTT DATA, Neysa ink MoU with Telangana govt to set up Rs 10,500 Cr AI data centre cluster

YourStory

YourStory · 4m ago

NTT DATA, Neysa ink MoU with Telangana govt to set up Rs 10,500 Cr AI data centre cluster

NTT DATA and Neysa Networks signed an MoU with the Telangana government to establish an AI Data Centre Cluster in Hyderabad, investing Rs 10,500 crore to develop a 400 MW facility with 25,000 GPUs. This collaboration aims to create an AI innovation ecosystem. Additionally, Toshiba Transmission and Distribution Systems will expand its manufacturing facilities in Telangana with a Rs 562 crore investment. Chief Minister Revanth Reddy encouraged international investments by highlighting Telangana's robust infrastructure and policies.

Kerala aims to have 15,000 startups by 2026: CM Pinarayi Vijayan

Economic Times

Economic Times · 6m ago

Kerala aims to have 15,000 startups by 2026: CM Pinarayi Vijayan

Kerala aims to establish 15,000 startups and create 100,000 employment opportunities by 2026, announced Chief Minister Pinarayi Vijayan at the Invest Kerala Global Summit. The state has progressed significantly in the startup sector, with 6,200 startups launched over the past eight years, attracting an investment of Rs 5,800 crore and creating 62,000 jobs. The ambitious 2026 goal reflects ongoing efforts to bolster the region’s startup ecosystem.

RackBank to build 80MW AI data centre for Rs 1,000 crore in Raipur

Economic Times

Economic Times · 3m ago

RackBank to build 80MW AI data centre for Rs 1,000 crore in Raipur

RackBank has inaugurated a new AI data centre in Raipur with an initial Rs 1,000 crore investment, scalable up to Rs 3,000 crore over five years. The facility spans 13.5 acres and can house 1 lakh GPUs, employing up to 500 people eventually. The data centre will utilize advanced cooling technology to optimize power usage, supporting Nvidia's roadmap. It aims to foster AI innovation and collaboration, leveraging India's GPU compute capacity for cost-effective services.

AI to drive ~500 MW data centre growth in India over 4 Years: Avendus Report

YourStory

YourStory · 1y ago

AI to drive ~500 MW data centre growth in India over 4 Years: Avendus Report

India's data centre market has the potential to add 500 MW over the next four years, according to a report by Avendus Capital. The surge in demand is being driven by the increasing adoption of AI workloads, surpassing traditional cloud computing. The report also highlights the massive investment opportunity in India's data centre market, with an anticipated annual growth rate of about 26% over the next three years. Hyperscalers in India are increasingly choosing to construct and operate their own data centres based on their specific needs. Mumbai, Chennai, and Delhi are expected to contribute significantly to the new capacity.

UP CM lays foundation of CEL-ESDS green data centre entailing Rs 1,000 crore investment - The Economic Times

Economic Times

Economic Times · 2m ago

UP CM lays foundation of CEL-ESDS green data centre entailing Rs 1,000 crore investment - The Economic Times

Uttar Pradesh Chief Minister Yogi Adityanath laid the foundation of the CEL-ESDS Green Data Centre, a first-of-its-kind initiative in India, with a 30 MW capacity. Located in Sahibabad, it involves a Rs 1,000 crore investment by Centre of Electronics and ESDS. The data centre aims for Tier 3 compliance, ensuring minimal downtime. The project represents a significant collaboration with the private sector, reflecting CEL’s potential for contributing to a developed India.

Google weighs large data centre in Vietnam, in nation's first by US big tech

Economic Times

Economic Times · 1y ago

Google weighs large data centre in Vietnam, in nation's first by US big tech

Google is reportedly considering the construction of a large data centre in Vietnam, marking the first major investment of its kind by a US tech company in the country. The proposed hyperscale data centre would be situated near Ho Chi Minh City and is seen as boosting Vietnam's attempts to attract foreign capital for data centres. Google's decision stems from the increasing number of clients using its cloud services in Vietnam and the country's growing digital economy. Although Google has not made an official comment, internal discussions are underway, with hopes for the data centre to be operational by 2027.

CIMware raises $2.3 m in round led by Transition VC - The Economic Times

Economic Times

Economic Times · 1m ago

CIMware raises $2.3 m in round led by Transition VC - The Economic Times

CIMware, a Bengaluru-based data centre infrastructure startup, raised $2.3 million in a funding round led by Transition VC. The investment will be used to develop a networking smart switch, expand the software team, and cover operational costs. CIMware aims to increase data centre capacity using memory-based connection technology. It plans to focus on direct sales in India and the US, targeting revenue of $175 million by 2026–27, and aims to strengthen its presence in AI-focused data centres.

Uttar Pradesh Plans To Launch Rs 10,000 Crore Scheme To Woo Electronic Components Manufacturing

OutlookIndia

OutlookIndia · 3m ago

Uttar Pradesh Plans To Launch Rs 10,000 Crore Scheme To Woo Electronic Components Manufacturing

Uttar Pradesh plans a Rs 10,000 crore scheme to attract electronic components manufacturing investment, complementing India's ECM scheme. The policy offers fiscal incentives, subsidized land, and infrastructure support, with aims to attract Rs 25,000 crore in investments. It supports the state's ambition to be a tech manufacturing hub and aligns with the national push for electronics self-reliance. The initiative is part of broader efforts to create an "electrilomics" ecosystem, enhancing the state's semiconductor and electronics capabilities.

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