Is India Building Enough To Power Its Digital Transformation

CHENNAI

Government’s digital policies incentivize DC investments in Delhi NCR DELHI NCR

Favourable policies, improving infrastructure leads Chennai’s DC growth

IT LOAD (MW) 334 MW IT Load to be added by 2028

IT LOAD (MW) 248 MW IT Load to be added by 2028

334

248

Chennai is emerging as the second most important data centre market in India and a key secondary market in APAC 4 existing cable landing stations and 3 under construction projects (excluding MIST which was landed in mid 2023) have driven demand from global hyperscalers Large international and domestic operators (BAM Digital Realty, Adaniconnex, Yotta, NTT) are investing heavily in campus-type developments State government data centre policy, which provides various fiscal and non-fiscal incentives and incentivizes renewable energy usage is a major positive for data centres

Indian government’s digital policies, which incentivize digital adoption among public enterprises and government departments, have facilitated a healthy data centre outlook Growing cloud adoption among private businesses has attracted hyperscalers; Google has a cloud region in Delhi and has taken up space in an underconstruction facility Uttar Pradesh government’s data centre policy looks to enhance investments through dedicated fisca; and non-fiscal incentives Noida in Delhi NCR is emerging as an important data centre hub catering to entire Northern India

•

•

•

57

81

100

144

144

51

51

80

113

113

•

2020 2021

2020 2021

2023 2028F

2023 2028F

2022

2022

•

•

100

85

H2 2023

H2 2023

86

72

H1 2023

H1 2023

•

•

TOTAL OCCUPANCY (MW)

80

62

H2 2022

H2 2022

TOTAL OCCUPANCY (MW)

H1 2022

H1 2022

76

42

TRANSACTION DETAILS (RACK SPACE DETAILS) – 2023

TRANSACTION DETAILS (RACK SPACE DETAILS) – 2023

City

Tenant

Power

City

Tenant

Power

3%

Delhi NCR

Speed Sign

250 Kw

6%

7%

17%

Delhi NCR Delhi NCR

Garena

1MW 1MW

9%

8%

Chennai

Flipkart

1.4 MW

Bank of India Passport Seva Kendra

10%

Delhi NCR

200 KW

14%

18%

15%

50%

Delhi NCR Hero Motocorp

150 Kw 100 Kw 50 KW

Delhi NCR Delhi NCR

DE Shaw

7%

Uno Minda

20%

16%

Tenant Categories -H2 2023

Tenant Categories -H2 2023

Cloud BFSI IT & Telecom Manufacturing

E-Commerce Media & entertainment Others

Cloud BFSI IT & Telecom Manufacturing

E-Commerce Media & entertainment Others

Racks as of H2 2023 18,000

Colo vacancy 30%

Key data centre hubs: 1. Siruseri 2. Ambattur

Racks as of H2 2023 16,500

Colo vacancy 25%

Key data centre hubs: 1. Noida

32 | CUSHMAN & WAKEFIELD

DATA CENTER REPORT - 2024 | 33