As digital transformation accelerates worldwide, data centres have emerged as a vital real estate asset class to match the exponential growth of artificial intelligence, cloud computing, and digital services. According to a report by real estate consultancy CBRE South Asia, India’s data centre market is experiencing unprecedented growth, with capacity expected to surpass 1,800 megawatts (MW) by 2026. An additional 850 MW of capacity is likely to be added between 2024 and 2026, attracting significant investments from global operators, real estate developers, and private equity funds.
The Ministry of Electronics and Information Technology (MeitY) in India plays a crucial role in this landscape by providing empanelment for data centres, signifying a seal of approval and adherence to stringent regulatory standards.
In this regard, Confiex Data Room, a 100% Indian company specializing in secure data management, yesterday announced a strategic partnership with UAE-based DocullyVDR, a leader in Virtual Data Room (VDR) solutions. This collaboration enables Confiex to provide an enterprise-grade, MeitY-approved data hosting solution within India, ensuring complete data sovereignty and compliance for high-stakes transactions, including mergers and acquisitions, disinvestments, NCLT (National Company Law Tribunal) cases, and IPOs (initial public offerings).
For over a decade, Confiex Data Room has facilitated due diligence platforms for strategic deals across the country, earning the trust of investment banks, corporations, law firms, government entities, and SMEs. The partnership with DocullyVDR enhances its capabilities, allowing Indian enterprises to conduct sensitive transactions with heightened security and transparency. “In an era where data security and compliance are paramount, our partnership ensures that Indian businesses and government institutions can maintain full control over their data within a MeitY-approved infrastructure,” said Harvinder Singh, Founder & CEO of Confiex Data Room.
This alliance positions Confiex Data Room as a key player in the evolving regulatory landscape, particularly in anticipation of the forthcoming Digital Personal Data Protection (DPDP) framework. The company is poised to expand its services to new sectors, reinforcing its commitment to security, compliance, and digital transformation.
As India strengthens its position as a digital powerhouse, the intersection of data security, real estate, and regulatory compliance will shape the future of its data center industry. The Confiex-DocullyVDR partnership is a pivotal step in ensuring that the country’s critical digital infrastructure remains robust, secure, and compliant with evolving regulatory norms.
