New Delhi. Of course, the Internet revolution in India came a little later than the developed countries, but today India is becoming famous in the countries of Asia. If we talk about setting up data centres, India has recently left behind countries like Australia, Hong Kong SAR, Japan, Singapore and Korea. India has become the first country among large APAC countries (except China) to have a data center capacity of 950MW. This information has been received from a report by CBRE South Asia Private Limited.
After India, Japan is the second largest data center and its capacity is 892 MW. After Japan, Australia is the country with the capacity of 773 MW, then Singapore with 718 MW, Hong Kong with 613 MW and then Korea with the capacity of 531 MW.
Had doubled its capacity in Covid
Data centers are of utmost importance in the rapidly changing world of technology. Many big companies have established or want to establish their data centers in India. This is the reason why the data center (DC) industry in India has grown very well. When the Covid pandemic started, India had doubled its capacity. Capacity of 255 MW was increased in 2023. Also in 2022, a data center with a capacity of 200 MW was set up.
Even in 2024, the capacities in the data center are being continuously expanded. The plan is that 330 watt DC will be installed in different cities. An increase of about 30 percent is being made annually, which is expected to reach 1370 MW. India has DC stock of 16 million square feet by 2023.
Fast growing market in India
Data Centers (DC) remain one of the top-3 preferred alternative assets for investors in the APAC region including India. The region has seen significant investment from global operators, real estate developers and private equity funds eager to enter the country’s fast-growing market.
Global investors continue to have keen interest in the Indian data center market. Many groups are eyeing partnerships and joint ventures with local operators. Due to the increasing number of players, M&A activity among operators is likely to accelerate in the coming years, which may result in some consolidation before the market becomes too fragmented.
India’s data center sector, with its flexibility and attractive return potential, has emerged as an opportunity for investors. The attractiveness of this sector is further enhanced by the fact that between 2018-2023, India has received investment commitments of over US$40 billion from both global and domestic investors.
Tag: technical news, tech news in hindi, technology
first published : May 16, 2024, 1:50 pm IST
