20 Nov Indian data centres got $396 million investments in 2020, $9.5 billion waiting to be put in: Study
NEW DELHI: The Indian data centre industry has attracted an investment of $396 million in 2020 and close to $9.5 billion of capital is in various stages of being announced, committed or waiting to be committed into Indian data centres, a new study showed.
According to a report by Mumbai-based property consulting firm Anarock, India’s data centres received $977 million in private equity and strategic investments since 2008, of which nearly 40% or approximately $396 million were infused between the January-September 2020 period alone.
According to various reports, India saw close to 14 big ticket investments in the data centre space this year from Bharti Airtel (NXTRA DATA), Bridge Data Centres, Colt Data Centre Services (Colt DCS), CtrlS, GPX Global Systems, NTT Global Data Centers, Pi DATACENTERS, Rack Bank, Reliance Communications, Sify Technology, ST Telemedia Global Data Centres (STT GDC), Streamcast Group, Web Werks and Yotta Infrastructure Solutions.
“While India has been seeing a massive digital thrust since 2014, the current government’s data localization policy has paved the way for hyperscale data centres to handle the increasing data consumption,” said Anuj Puri, Chairman – Anarock Group.
India’s per capita data consumption is expected to hit 25GB/month by 2025 while the total data traffic in the country is likely to touch 21 EB (exabytes) per month.
Anarock’s report showed that India currently has 126 third-party data centres (colocation or hyperscale) spanning 7.5+ million square feet, and a cumulative IT power capacity of 590+ Mega Watts.
While 53 players own/operate these 126 third-party data centres, the capacity is highly concentrated among the top 12 players who operate 95% of the total IT power capacity in the country, Anarock said.
The firm estimates that upcoming supply is expected to be concentrated amongst Mumbai and Chennai, due to their under-sea cable landing advantage, followed by NCR and Hyderabad also getting a fair share of interest.
“Mumbai and Chennai together will witness 60% of total future capacity, with NCR and Hyderabad contributing another 33%,” the report said.