May 15th 2024.
The latest report released on Wednesday reveals that India has achieved a major milestone by surpassing other major countries such as Australia, Hong Kong SAR, Japan, Singapore, and Korea in terms of data centre capacity. With a whopping 950 MW, India now holds the highest data centre capacity in the Asia-Pacific region.
According to the report published by real estate consultancy CBRE, India is also expected to have the highest capacity addition of 850 MW during the period of 2024-2026. This surpasses the capacity additions of other major Asia-Pacific countries. CBRE highlights the immense potential of India's data centre sector, which has emerged as a lucrative investment opportunity for investors due to its resilience and promising returns.
The report further mentions that between 2018 and 2023, India has secured commitments of over $40 billion from both global and domestic investors. This speaks volumes about the attractiveness and stability of India's data centre sector. In 2023 alone, there was an impressive addition of 255 MW of new supply, compared to 200 MW in 2022. This resulted in a total stock of 1,030 MW by the end of the year.
The growth in India's data centre sector is expected to continue at a rapid pace, with a planned supply of over 330 MW in various cities in 2024. This could potentially increase the stock by 30% annually, reaching around 1,370 MW. In short, the data centre industry in India is on an upward trajectory, and the future looks bright.
The report concludes by stating that India's data centre sector is a beacon of opportunity for investors, thanks to its potential for attractive returns and significant investment commitments. With its impressive capacity and steady growth, India has firmly established itself as a key player in the Asia-Pacific data centre market.
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