Govt to provide infra status to data centres for cheaper finance
04 Feb 2022
2 Min Read
CW Team
The government has decided to provide infrastructure status to data centres (Dcs). It's expected that this would enable developers to access cheaper finance and also make investments into this segment.
Many state governments have already reported incentives for firms investing in data centres and have drawn investments from multinational companies (MNCs).
According to the media reports, for 2021, the hyperscale computing cloud earnings worldwide stood at $124.7 billion, out of which India accounted for $3.8 billion in revenue.
Data centre parks would also generate employment and lead to different information technology. The government's step would boost the ambition of India to become a major data centre player in the region.
Shishir Baijal, chairman and managing director, Knight Frank India, revealed that by 2026, they expect 2,500 MW of new data centre capacity would be required in India.
Uttar Pradesh, which has an established data centre policy, expects the data centre sector to employ 4,000 people directly and 20,000 indirectly.
Vivek Dahiya, managing director-India lead at Cushman & Wakefield, told the media that this is a good time for the development of data centres as the 5G launch and data localisation would further lead to their more demand in India.
Niranjan Hiranandani, Chairman and Managing Director at Hiranandani Group, said that providing infrastructure status to data centres brings data centre development to avail long-term and affordable data localization, including the safety of data sovereignty during globalisation.
Also read: India's digital infra needs up to $23 bn investment by 2025: Report
The government has decided to provide infrastructure status to data centres (Dcs). It's expected that this would enable developers to access cheaper finance and also make investments into this segment.
Many state governments have already reported incentives for firms investing in data centres and have drawn investments from multinational companies (MNCs).
According to the media reports, for 2021, the hyperscale computing cloud earnings worldwide stood at $124.7 billion, out of which India accounted for $3.8 billion in revenue.
Data centre parks would also generate employment and lead to different information technology. The government's step would boost the ambition of India to become a major data centre player in the region.
Shishir Baijal, chairman and managing director, Knight Frank India, revealed that by 2026, they expect 2,500 MW of new data centre capacity would be required in India.
Uttar Pradesh, which has an established data centre policy, expects the data centre sector to employ 4,000 people directly and 20,000 indirectly.
Vivek Dahiya, managing director-India lead at Cushman & Wakefield, told the media that this is a good time for the development of data centres as the 5G launch and data localisation would further lead to their more demand in India.
Niranjan Hiranandani, Chairman and Managing Director at Hiranandani Group, said that providing infrastructure status to data centres brings data centre development to avail long-term and affordable data localization, including the safety of data sovereignty during globalisation.
Image Source
Also read: India's digital infra needs up to $23 bn investment by 2025: Report
Next Story
MoHUA Plans New Role for Smart City SPVs
In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..
Next Story
ADB Approves $110 Million Loan to Boost Skills in Gujarat
The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat鈥檚 efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..
Next Story
SDAL Tests Rudrastra UAV and Bhargavastra Defence System
Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India鈥檚 Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..