Budget 2022: With easy credit, companies to ramp up data centres this year

Infra status for data centres and energy storage systems will give companies access to long-term financing and lower interest costs

Companies will accelerate investments in data centres spurred by infrastructure sector status for the industry.

On Tuesday union finance minister Nirmala Sitharaman announced infrastructure status for the data centres and energy storage systems and this will give companies access to long term financing and lower interest costs.

“This year, we will accelerate our capacity augmentation across data center parks in Mumbai, Pune, Bangalore, Hyderabad, Delhi NCR and Kolkata.  We will also add new capacities in our edge sites (small sized data centres) to enable 5G and security services,” said Rajesh Tapadia, CEO of Airtel’s data centre subsidiary Nxtra.

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