The centre is planning to make the country a data centre hub and an incentive scheme of Rs 12,000 crore is in the works to promote firms to install data centres in India. The government aims to attract an investment of Rs 3 lakh crore in the subsequent five years as part of the hyperscale data centre scheme and is intending to provide between 3% and 4% of capital investment as an incentive to firms, along with real estate help and faster approvals. Government officials told the media that the idea is to make India a global data centre hub and termed the scheme’s aim as the highest till now in terms of expected investment in India over just five years. The policy is currently being circulated for inter-ministerial consultations and is likely to be given for Cabinet permission after it is finalised. The quantum of the incentive is under discussion and could be between 10,000 crore to Rs 12,000 crore. In the recent past, various multinational technology firms like Microsoft, Amazon and Google have installed data centre regions in India. Domestic companies like Adani Enterprises and Hiranandani Group have also declared ambitious plans to build data centres in Noida in the National Capital Region. Officials said that no other scheme has such a goal in such a short period, so this will be a significant game-changer for the high-tech industry in India. They aim to attract Rs 3 lakh crore investment in data centres in India in the following five years. India is fast developing as a place of choice for data centre majors. As per the latest data from Cushman & Wakefield, an investment of $11.4 billion has been proposed and committed for the installation of data centres in India, and the contribution of global companies in this is above 65%. Image Source Also read: Uttar Pradesh govt to set up data centre park across 200 acre in Noida Also read: Yondr Group partners with Everstone Group for data centres in India