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This report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.
There’s a gold rush underway in India’s nascent but fast-growing data center industry, with global giants, billionaires and even luxury property developers piling in.
India’s current data center capacity is around 1.2 gigawatts — just a fraction of global capacity — but the market is set to more than double, crossing 3 gigawatts within the next five years, according to a report in May by real estate services and investment management firm Collier.
That growth is drawing in global data center companies, Indian billionaires, and even luxury real estate developers, all eager to stake their claim in what many see as the backbone of the country’s digital future.
