India’s data centre revenue to hit Rs 20,000 crore annually by FY28: Crisil report

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The revenue of India’s data centre operators is likely to reach nearly Rs 20,000 crore annually by fiscal 2028, said a report by Crisil Ratings on Tuesday.

This translates into robust annual growth of 20-22% as both enterprises and retail consumers dial up their use of digital technologies and platforms.

Crisil noted that to meet the growing demand, industry capacity is likely to double, reaching 2.3-2.5 gigawatt (GW) by March 2028.

While capital expenditure is set to increase substantially, necessitating significant debt funding, the agency expects…



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India’s data centre revenue to hit Rs 20,000 crore annually by FY28: Crisil report



The revenue of India’s data centre operators is likely to reach nearly Rs 20,000 crore annually by fiscal 2028, said a report by Crisil Ratings on Tuesday.

This translates into robust annual growth of 20-22% as both enterprises and retail consumers dial up their use of digital technologies and platforms.

Crisil noted that to meet the growing demand, industry capacity is likely to double, reaching 2.3-2.5 gigawatt (GW) by March 2028.

While capital expenditure is set to increase substantially, necessitating significant debt funding, the agency expects…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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