$10-bn investment likely in data center space
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New Delhi: Data centres are likely to attract investments of $10 billion in the next three years on rising demand for storage capacity with a sharp growth in internet access, according to CII-Colliers report. Industry body CII and real estate consultant Colliers India on Thursday released a report ‘India Data Centers: Entering Quantum Growth Phase’ at a conference on Tech in Real Estate in Mumbai.
“India’s data centre market has experienced remarkable growth post-pandemic, attracting about $7 billion of total investments since 2020,” the report said. Global data centre operators, real estate developers, and private equity funds have invested this amount. As of August 2023, the data centre capacity across seven major cities -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru Hyderabad and Pune -- stands at 819 MW.
