India has surpassed major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea becoming the country with the highest data centre capacity of 950 MW in the Asia-Pacific region (excluding China), according to a private report released on Wednesday.
India is also likely to record the highest capacity addition of 850 MW during the 2024-2026 period, higher than major APAC countries, according to the report published by real estate consultancy CBRE.
“India's data centre sector, with its resilience and potential for attractive returns, has emerged as a beacon of opportunity for investors. The sector's allure is further enhanced by the fact that between 2018 - 2023, India secured investment commitments of more than USD 40 billion from both global and domestic investors,” the report states.
In 2023, there was an addition of 255 MW of new supply compared to 200 MW in 2022, resulting in a total stock of approximately 1,030 MW by the end of the year. This accelerated growth is expected to continue in 2024, with planned supply of over 330 MW across various cities, potentially increasing the stock by 30 per cent annually to reach around 1,370 MW, the report added.
HM Shah stresses on mapping of demographic data of people along India-Myanmar border
Union Home Minister Amit Shah on Saturday said that the demographic data of people along the India-Myanmar border, especially in Nagaland, Mizoram and Manipur, should be mapped so that it can help in fencing of the border and infiltration can be stopped.
Drugs worth Rs 78 crore seized in Tripura, one held
In a major haul, the Assam Rifles in coordination with the other law enforcing agencies on Saturday seized 3.9 lakh methamphetamine tablets valued at around Rs 78 crore and arrested a drug peddler in Tripura, officials said on Saturday.
Manipur: Arms and ammunition recovered; two held with drugs
Manipur Police and other security forces recovered some arms and ammunition from different fringe and vulnerable areas and arrested two persons with drugs on Saturday, officials said.
New Maha Cabinet: Fadnavis keeps Home, Shinde gets Urban Development, Ajit Pawar in charge of Finance
Finally, the wait is over. Governor CP Radhakrishnan on Saturday approved the portfolio allocation to the ministers as recommended by Maharashtra Chief Minister Devendra Fadnavis. The list was released after the conclusion of a weeklong winter session.
Explained: Key recommendations of 55th GST Council meet
From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations to provide relief to individuals and businesses.
India a natural trade and commerce partner of Kuwait: PM Modi
India has been a natural trading partner of Kuwait and continues to be so in contemporary times and people-to-people linkages over centuries have fostered a special bond of friendship between the two countries, Prime Minister Narendra Modi said on Saturday.
Sri Sri Ravi Shankar brings peace through meditation to UN headquarters consumed by global turmoil
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NE not just strategically important but also an epitome of nation's diversity, culture: Minister
Union Minister of State for DoNER Sukanta Majumdar on Friday underscored the strategic importance of the northeastern region and said that the region is not just a geographically significant part of the country but it is also an epitome of the nation's diversity, culture, and strategic importance.