Inside India’s $30 billion data center “gold rush”—and the tycoons set to win

Will data centers (DC) write the new chapter of India’s digital landscape? Reports highlight that India’s data centre industry is on the cusp of explosive growth, driven by Artificial Intelligence (AI), along with surging data consumption, cloud adoption, and strict data localisation norms. As per a report by Jefferies, India’s total DC capacity is expected to rise fivefold to 8 gigawatts (GW) by 2030. However, the expansion will require colossal facility capital expenditure (capex) of $30 billion and could push data centre leasing revenues to $8 billion by 2030.