India's Data Centre Market Sees Investment Surge and Rapid Growth By CIOTechOutlook Team

India's Data Centre Market Sees Investment Surge and Rapid Growth

CIOTechOutlook Team | Friday, 22 November 2024, 03:08 IST

India has witnessed investments flooding into the data centre markets over the last two years, with multiple primary markets created simultaneously, along with the rapid development of campus sizes found in the most established global cities.

“Among the key markets, the Mumbai region is expected to maintain its market leadership, while we anticipate significant growth in Chennai and other regions. This expansion is not only driving demand for specialized skills but also creating opportunities across backward-linked industries,” said Samantak Das, Chief Economist, JLL India.

According to him, the DC industry is expected to add a staggering 604 MW capacity in the next two and a half years and the growth is a testament to India's emergence as a global hub for AI innovation and data centre development.

Additional factors such as the submarine cable infrastructure linking Mumbai and Chennai to Singapore, South East Asia, Europe, and the Middle East will help position India as a more attractive Asia Pacific location for data centre development, expansion, and investment in the years to come.

The growth in data centers is expected to drive innovation, create jobs, and strengthen digital infrastructure, positioning India as a global technology leader and propelling its economic and technological advancement.