India’s data centres have attracted $10 bn since 2020

Data centres have attracted investments of $10 billion (Rs 812.47 billion) since 2020 as demand for such facilities has risen amid sharp growth in data consumption, according to property consultant Colliers India. In its report 'Data Centre: Scaling up in green age', Colliers projected that India's data centre stock is likely to double to about 20 million square feet by 2025 from its current capacity of 10.3 million sq ft. India currently has about 770 MW data centre capacity across the top seven cities - Mumbai, Delhi National Capital Region (NCR), Bengaluru, Chennai, Hyderabad, Pune, and Kolkata. “The growth of data centres in India is led by massive explosion of data consumption through digitisation, increased cloud adoption, etc, over the last two years. At the same time, data centre operators are enthused by the incentives such as subsidised land, stamp duty exemption, etc provided by several states,” the report said. Mumbai accounts for the largest share of data centres at 49%, benefiting from the presence of a landing station and submarine cable connectivity. Delhi NCR has about 17%, followed by Bengaluru. “Since 2020, data centres have received cumulative investments of USD 10 billion and have seen surging partnerships between developers and global operators. The investments are from global data centre operators looking to expand into India, investments from corporates and real estate developers, and private equity funds,” Colliers said. See also: Welspun One Logistics Parks Fund 1 dedicates Rs 5 billion to AIFSingapore’s GIC, India’s ESR Group set up $600 mn JV