New Delhi: The data industry in the country is estimated to double by financial year 21-22 from the last fiscal, fuelling growth of data centres, says a report by property consultant JLL and CII.
Country’s data centre industry grew at an annual rate of 24 percent between 2013-14 and 2018-19 financial years. The data centre capacity in the country is estimated to be around 480 MVA with revenues of around Rs 8300 crore in 2018-19 fiscal.
Cities like Bengaluru, Mumbai and Chennai together account for about 70 percent of the total built-up area of the data centre industry. Delhi NCR accounts for 10 percent and Hyderabad 9 percent.
The data industry in the country will expand due to rising internet usage, data localization, increasing usage of connected devices and decreasing cost of data. Mumbai is likely to maintain its lead in the data centre industry because of increasing undersea cable landing station capacity and uninterrupted power supply. The presence of banking and financial firms in the maximum city will also support the expansion of the industry.
A lot of established real estate players have started to look the data centre business with a lot of interest. Recently, Mumbai based Hiranandani Group announced its entry in data centre space and said its first data centre park will be established at Panvel which will be flowed by Chennai and Mumbai.