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The Senate on Monday advanced bipartisan legislation aimed at speeding up permitting reviews for data centres and other infrastructure projects, in the first major action since last week's election that soundly repudiated President Donald Trump and congressional Republicans. The Senate voted 73-25 to formally take up the bill, which senators and the president have pushed as a way to meet growing demand for electricity and other forms of energy that now face yearslong delays in getting to the grid. The legislation's sweeping changes would shorten the timeline to get big energy projects started - both for clean energy and fossil fuel projects - and make sure data centres pay for the energy they use. Anger over artificial intelligence data centres and rising electricity helped usher in a wave of Democrats pledging to clamp down on the massive, energy-hungry structures. Trump urged senators to vote for it, calling it a "BIG WIN for US ENERGY INDEPENDENCE and DOMINANCE." in a social medi
India's data centre industry is poised for an unprecedented investment boom, with installed capacity expected to increase five-fold to around 7.5 gigawatts (GW) by March 2030, attracting investments of more than Rs 3 lakh crore over the next four financial years, Crisil Ratings said in a report on Tuesday. The expansion, fuelled by generative artificial intelligence (GenAI), enterprise digitalisation and rising data consumption, is set to transform the country's digital infrastructure landscape. However, the industry's ability to translate demand into sustainable returns will depend critically on timely power connectivity, regulatory clearances and disciplined project execution. "Nearly half of the upcoming capacity is already committed under long-term contracts, limiting speculative development and reducing offtake risk," Crisil Ratings said. "Upfront tie-ups with hyperscalers, driven by cloud adoption and compute-intensive GenAI workloads, provide revenue certainty from the outset