An increase in digitization of businesses coupled with rising demand for localization of data has catapulted the quantum of private equity investments in Indian data centres by more than 5 times.
As of January 2022, the country has witnessed a 5.5 times year-on-year growth in PE investments in data centres, to $2.2 billion from $396 million (in 2020), according to an annual survey by real estate consultancy firm, Knight Frank India.
Data centres in the country are steadily growing. According to data centre marketplace Cloudscene, India accounted for 1.5% of the world’s data centres as of January this year, but is a growing market base thanks to rapid digitization and a government-led mandate to localize all data that is generated and processed in the country.
Read more: VCCircle
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