Mumbai stands out as the preeminent DC hub, says Sangupta
India’s Data Centre (DC) industry has seen increasing interest from institutional investors and has a long runway for further growth, according to Sanjeev Dasgupta, CEO for India at CapitaLand Investment (CLI) of Singapore.
Noting that India has the world’s second highest number of mobile subscribers and one of the fastest growing data-consumption per user rates, he highlighted in the CLI’s latest research paper on investment strategies for Asia Pacific’s (APAC) DC industry as part of its ‘Perspectives’ research series http://capitaland.com .
“The government’s digitalisation drive, data localisation regulation as well as the growth of cloud and AI will generate more demand for DC capacity,” Dasgupta said on 5 Jul https://www.nseindia.com/ .
“With CLI’s 30 years of experience in India, we have the capabilities and a deep understanding of the local market. We have a dedicated team of DC experts in India and are currently developing four DCs across the key markets of Mumbai, Bengaluru, Chennai and Hyderabad with a total gross power of 244 MW https://www.bseindia.com/ .”
The seven major cities in India – #Mumbai, #Bengaluru, #Chennai, #Hyderabad, Delhi NCR, #Pune, and #Kolkata – are the focal points for new DC development, offering strategic locations with proximity to key business centres https://www.digitalindia.gov.in/ .
Mumbai stands out as the preeminent hub, hosting more than half of the country’s DC capacity with the other major cities mentioned developing strongly, according to Dasgupta https://www.sgx.com/ .
“Digitalisation is a global mega trend driving the growth of data centres,” Michelle Lee, CLI’s Managing Director, Private Funds (Data Centre), elaborating on the Asia Pacific DC market https://digitalinasia.com/ .
“With the DC sector’s strong secular tailwinds, 97% of institutional investors plan to increase their capital allocation into the sector, particularly in Asia Pacific. As DCs are more resilient, allocation to this asset class can be an integral part of investors’ portfolio diversification strategy https://www.meity.gov.in/ .”
CLI has accelerated its growth in the DC sector, adding 22 DCs since 2021 https://www.datacentreworldasia.com/ . “Today, we have 27 DCs with about US$4.5 billion assets under management and more than 800 megawatts (MW) in gross power across eight countries globally,” Lee underscored.
CLI has vertically integrated DC capabilities spanning across design, development, sales, and operations. With DC domain capabilities, combined with our deep market knowledge, deal-sourcing and investment network in Asia, we are well-positioned to partner with investors to tap into the wealth of opportunities in the sector, added Lee. Fiinews.com
