Sep 19, 2023

India's Data Center Market: Rapid Growth, Investment Surge, and Data Protection Bill

India's data center market is undergoing a seismic transformation, driven by a remarkable surge in virtualization, E-Commerce, cloud computing, and the prolific generation of public data. As the world's second-fastest-growing digital economy, India is poised to witness a momentous doubling of its IT and communication sector by 2025, contributing a substantial USD 400 billion to the nation's GDP.

The Indian government has recognized the importance of safeguarding the nation's data, leading to the enactment of the Data Protection Bill, which bolsters the demand for data centers. International investors are eagerly eyeing the burgeoning Indian market, attracted by these developments and the growing need for secure data storage. Anticipations are running high for a substantial influx of investments in this sector shortly with data storage requirements expected to surpass an impressive 2,000 MW IT load capacity by the fiscal year 2025.

As reported by Realty Plus, Anant Raj Ltd, a forward-thinking participant in this data center revolution, embarked on this journey in 2019-20 and has already made significant strides. They recently achieved the operationalization of a cutting-edge 3MW data center at their Manesar facility, with the next phase well on its way. The company has set forth a resolute commitment to develop a total of 300MW of data centers strategically located across Manesar, Rai, and Panchkula, with an ambitious investment exceeding Rs 10,000 crore. This visionary initiative is projected to unfold over the next 4-5 years, aligning perfectly with the exponential growth trajectory of India's data center landscape.