India's Tech Sector Surges: From Data Centers to Global Leaders

India's Tech Sector Surges: From Data Centers to Global Leaders

Delhi, 15 May (H.S): India's technology sector has been booming in recent years, and this has been reflected in the country's recent achievement of surpassing major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea in data centre capacity. According to a private report released on Wednesday by real estate consultancy CBRE, India now has the highest data centre capacity of 950 MW in the Asia-Pacific region (excluding China). The report also predicts that India will continue to lead in this area, with a projected capacity addition of 850 MW during the 2024-2026 period, surpassing other major APAC countries. This success can be attributed to the sector's resilience and potential for attractive returns, making it an attractive opportunity for investors. In fact, the report states that between 2018-2023, India secured investment commitments of over USD 40 billion from both global and domestic investors.

This growth is expected to continue as new supply is planned for 2024, potentially increasing the total stock of data centres by 30 percent annually to reach approximately 1,370 MW. With such impressive growth and investment opportunities in the data centre sector, India is poised to solidify its position as a leader in the Asia-Pacific region and attract even more attention from investors.

Related Posts