India’s data centre boom lures Billions of Dollars from Indian majors & newcomers
India is booming with investment also in vital technology infrastructure that drives the present and the future. Anant Raj Ltd. based in Delhi has announced investment of Rupees 18,000 crores or US $ 2.1 billion in data centres. The objective is to achieve over 300 megawatts capacity by 2032 to meet the exponential demand for AI and data localisation in India. A developer by business, Anant Raj Ltd. is aggressively diversifying its portfolio with the target that data centres will contribute over 40% of revenues, up from 5% currently. Anant Raj Ltd. currently has a market value of $2.3 billion. It will launch two more data centres or server farms besides an existing one in Haryana state. Anant Raj Ltd. has a deal with French IT giant Orange Business for cloud services.
Reports say this and other major investments in the sector are driven by the fact that India’s data centre capacity will grow by 77% to 1.8 Gigawatts in four years. It is acknowledged that India is one of the fastest growing data centre market globally. Also, necessity is driven by digitalization and rules requiring data to be stored within the country. Reports say India may be contributing 28% to global data with only 1% storage in the country. Indian mega companies spending big bucks in the sector are the Adani Group and Reliance Industries Ltd. Other Indian firms include Bengaluru-based RMZ Corp. with investment of $1.7 billion and Panchshil Realty in perhaps a partnership with Blackstone Inc. in Mumbai.
India is booming with investment also in vital technology infrastructure that drives the present and the future. Anant Raj Ltd. based in Delhi has announced investment of Rupees 18,000 crores or US $ 2.1 billion in data centres. The objective is to achieve over 300 megawatts capacity by 2032 to meet the exponential demand for AI and data localisation in India. A developer by business, Anant Raj Ltd. is aggressively diversifying its portfolio with the target that data centres will contribute over 40% of revenues, up from 5% currently. Anant Raj Ltd. currently has a market value of $2.3 billion. It will launch two more data centres or server farms besides an existing one in Haryana state. Anant Raj Ltd. has a deal with French IT giant Orange Business for cloud services. 
