Data centre infra to become the next significant sector
WAREHOUSING & LOGISTICS

Data centre infra to become the next significant sector

The Anarock group, a real estate services company, announced that data centres would emerge as the next big sector in India, after warehousing. A Foreign Direct Investment (FDI) of $3.4 billion is expected in this sector in the next three to four months.

New leasing of 1.5 crore sq ft has been observed in the commercial segment for building new data centres. It is anticipated that the current year statistics for this sector will again move up to more reassuring levels of 2.4 to 2.5 crore sq ft. Domestic sales in this sector have also improved in the second quarter of the current financial year as compared to Q4 of the previous financial year.

With the second-largest population in the world, India has the world's highest data usage metrics. Recently, the central government suggested that the major data centres of the world should be instituted in India in an attempt to boost the "Digital India" campaign. The Government has also urged all major data companies to consider investing in the different sectors of our country to promote digitalisation and develop seamless technological connectivity across the country.

Speaking at the Build Estate Conclave recently, the chairman of Anarock group Anuj Puri said that in the beginning of the first phase of the pandemic, experts had been sceptical of the sector's growth. However, there is now a possibility of short-term recovery as the current statistics are much more positive.

During the conclave, the central government emphasised that data centre parks would be established, bearing in mind the use of analytics and information of various things across industries.

Numerous major companies such as Adani Group, Reliance Industries and Hiranandani Group have already declared their investment plans to build data centres in various parts of India. According to various analysts, an exclusive zone for such data centre parks has already been announced, and construction is underway to build such facilities.

Data centre industry analysts also think that a plunge towards building data centres would facilitate data sharing across cross-functional areas or organisations.

Finance minister Nirmala Sitharaman had stated in her 2020 Union Budget speech that her government would “soon formulate a policy to enable the private sector to build data centres throughout the country" to allow information sharing across cross-functional databases and data accessibility, and also help in enhancing digital connectivity throughout the nation. This initiative is expected to bring Foreign Direct Investments in the country and induce employment generation on a large scale.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Anarock group, a real estate services company, announced that data centres would emerge as the next big sector in India, after warehousing. A Foreign Direct Investment (FDI) of $3.4 billion is expected in this sector in the next three to four months. New leasing of 1.5 crore sq ft has been observed in the commercial segment for building new data centres. It is anticipated that the current year statistics for this sector will again move up to more reassuring levels of 2.4 to 2.5 crore sq ft. Domestic sales in this sector have also improved in the second quarter of the current financial year as compared to Q4 of the previous financial year. With the second-largest population in the world, India has the world's highest data usage metrics. Recently, the central government suggested that the major data centres of the world should be instituted in India in an attempt to boost the Digital India campaign. The Government has also urged all major data companies to consider investing in the different sectors of our country to promote digitalisation and develop seamless technological connectivity across the country. Speaking at the Build Estate Conclave recently, the chairman of Anarock group Anuj Puri said that in the beginning of the first phase of the pandemic, experts had been sceptical of the sector's growth. However, there is now a possibility of short-term recovery as the current statistics are much more positive. During the conclave, the central government emphasised that data centre parks would be established, bearing in mind the use of analytics and information of various things across industries. Numerous major companies such as Adani Group, Reliance Industries and Hiranandani Group have already declared their investment plans to build data centres in various parts of India. According to various analysts, an exclusive zone for such data centre parks has already been announced, and construction is underway to build such facilities. Data centre industry analysts also think that a plunge towards building data centres would facilitate data sharing across cross-functional areas or organisations. Finance minister Nirmala Sitharaman had stated in her 2020 Union Budget speech that her government would “soon formulate a policy to enable the private sector to build data centres throughout the country to allow information sharing across cross-functional databases and data accessibility, and also help in enhancing digital connectivity throughout the nation. This initiative is expected to bring Foreign Direct Investments in the country and induce employment generation on a large scale.

Next Story
Infrastructure Energy

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Next Story
Infrastructure Urban

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Next Story
Infrastructure Energy

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement