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Sizing up India's listed data centre plays: What to expect from Budget 2024

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Sizing up India's listed data centre plays: What to expect from Budget 2024

India's data centre market is expected to undergo significant growth in the coming years due to increased digital transformation, adoption of artificial intelligence, and supportive government policies. Factors such as lower real estate costs and the implementation of technologies like 5G and IoT are driving the need for data storage and processing capacity. The upcoming budget is anticipated to include measures to strengthen the data centre ecosystem through tax incentives, infrastructure development, and renewable energy subsidies. Major global players, including Amazon and Microsoft, are pledging significant investments in the sector. The key beneficiaries of this growth include companies in the data centre supply chain such as Siemens and ABB India.

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