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India's Data Center market is experiencing rapid growth, fuelled 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 set to witness the IT & Communication sector's doubling by 2025, contributing approximately USD$ 400 billion to the Indian GDP.
The Government of India is taking positive steps to protect the Indian Data and formulating the policies on priority to ensure that countries data remained within the country. Recently Government of India, enacted Data Protection Bill to ensure protection of Data has further boosted the demand for Data Centers, attracting international investors keen on tapping into the Indian market. Expectations are high for a substantial increase in investments in this sector in the coming years, with data storage needs projected to exceed 2,000 MW IT Load Capacity by fiscal year 2025.
We have recognized the burgeoning demand for data centers and embarked on this journey in 2019-20. Recently we operationalized a 3MW data center at our Manesar facility and next phase is on advance stage of operationalized. Looking ahead, we are committed to developing a total of 300MW of Data centers across Manesar, Rai, and Panchkula with an investment exceeding Rs 10,000 crore and will unfold over the next 4-5 years.
