India’s Data Centre industry holds immense potential due to the rapid increase in data creation and the government’s focus on data security through localisation. We are making substantial investments in the development of cutting-edge data centres to capitalise on these opportunities. Our facilities offer various advantages such as cost-effectiveness, easy maintenance, high-level security, sustainability, and scalability. We have also forged strategic partnerships to bolster this initiative.
India’s data centre industry is poised for substantial growth, driven by digital transformation initiatives and the rise of Generative AI and ML. These technologies have increased computing usage, boosting demand for high-end data centres. The Asia-Pacific region, particularly India, is well-positioned to benefit from these developments. The industry is expected to grow at a 20% CAGR over the next 3.5 years, with an estimated 693 MW increase in capacity from the second half of 2023 to 2026.
The establishment of Data Centres marks a pivotal initiative, granting us a significant first-mover advantage. Our Tech Parks located in Manesar, Rai, and Panchkula, Haryana, boast the essential infrastructure and permits to develop data centres up to capacities of 50 MW, 200 MW, and 57 MW IT Loads, respectively. We enjoy a cost advantage as our infrastructure, including land and buildings, is already in place. Our goal is to establish state-of-the-art facilities that offer cost-effective data storage solutions, coupled with zero-maintenance benefits, top-tier security, and effective risk management protocols.
Through its wholly-owned subsidiary, Anant Raj Cloud Private Limited, Anant Raj has operationalised the first phase of the 3 MW Data Centre located in Manesar. Development of another 3 MW is expected to be completed by Q1FY25. Additionally, the Company commenced work at our Panchkula site, which is expected to contribute an additional 7 MW to be completed by the end of FY 2024-25.
We have planned a further 150 MW expansion in Panchkula and Rai for the phased development of Tier III and Tier IV DCs in addition to 157 MW IT in existing buildings, enhancing our capacity to meet the growing demand for data storage and processing facilities. This approach not only saves time but also minimises additional capital investments, providing us with a competitive advantage.
During the year, we enhanced our partnership with TCIL by expanding our service range to include complete cloud services, managed services and data centre solutions at our Manesar site.
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