Page 4 - Data Centre

India's data centre boom may add just 0.13% to GDP by 2030: Moody's

Despite billions of dollars in announced data centre investments, India's GDP gains may remain limited by 2030 as high import dependence curbs domestic value addition and job creation

Maharashtra sees over $300 bn investment interest in data centres

The state currently accounts for 66 per cent of India's data centre capacity and is targeting 5.7 GW by 2032 as it pursues a $1 trillion economy by 2030

Data centre spending to reach $31.6 trillion by 2050 on AI boom

At the same time, the tech industry is trying to blunt a backlash against data centers that threatens to slow down the buildout.

Yotta Data Services likely to file draft IPO papers as early as October

Hiranandani Group-backed data centre operator is also looking to raise capital from private equity firms through a pre-IPO funding round

Best of BS Opinion: TCS acquisition highlights changing dynamics in AI era

Today's opinions examine TCS' AI-era dealmaking, Himalayan climate risks, women's unpaid burden in livestock, India's water use and private equity's growing role in healthcare

Data centres aren't India's water villain

India's water crisis has been created by decades of treating water as free. Prosecuting the newest useralone would be a policy failure

Yotta to order 50,000 Nvidia Vera Rubin GPUs for $7.5 billion

The deal will also include ordering another 45,000 of Nvidia's GB-300 GPUs (part of the Blackwell family architecture), which are currently the latest on offer by the company

India data centre footprint may quadruple to 101 msf by 2030: Anarock

Over $300 billion in investment commitments to drive capacity expansion, with developers eyeing expansion in Delhi-NCR, Hyderabad mkts

Data centre firm AM Intelligence orders 9,000 Nvidia Vera Rubin systems

AM Intelligence, part of the group that owns renewable energy producer Greenko Group Plc, has placed a binding order under its broader $8-billion plan to set up 1-gigawatt of computing capacity

China's data centres to consume more power than South Korea by 2030

Rapid growth in artificial intelligence workloads will see data centres use 774 terawatt-hours of electricity by 2030, around 6 per cent of China's total projected consumption, according to a report

Axis Bank bets on data centres, gold loans to outpace credit growth

Data centres, renewable energy and urbanisation are driving corporate credit demand, while gold loans and borrowers from smaller cities are fuelling retail growth, its ​chief executive said

Juicy yields pull junk bond 'tourists' towards high-grade AI debt

The fact that investment-grade rated projects are tapping junk debt investors to get at least some bond deals done underscores the feverish competition for capital

Andhra approves ₹31,387-crore green AI data centre project in Visakhapatnam

The Andhra Pradesh government on Saturday approved AM AI Factory Pvt Ltd to set up a 512-MW green integrated AI data centre in Visakhapatnam district, involving an investment of over Rs 31,387 crore. The facility, proposed to be set up at Amanam village in Bheemunipatnam mandal, is expected to generate employment for up to 1,000 people, IT Secretary Bhaskar Katamneni said in a Government Order. "The government, after careful examination... hereby accords approval to AM AI Factory (Vizag) Pvt Ltd for the establishment of a 512-MW Green Integrated AI Data Centre Facility... within a period of two years and four months," Katamneni said in the GO. Under the non-fiscal incentives for the project, the state government will provide power infrastructure support and ensure water supply, among other facilities, while fiscal incentives will include exemption from stamp duty and electricity duty, the GO said.

Andaman-Nicobar admin withdraws EoI for AI data centre in Great Nicobar

Days after the Andaman and Nicobar administration issued an expression of interest, inviting private companies to explore the feasibility of setting up a "green" artificial intelligence or data centre vertical in Great Nicobar or Little Andaman, the Union Territory has said that the EoI "stands withdrawn" due to "administrative reasons". In a notice issued on August 14, the administration said the Expression of Interest (EOI), dated August 10, was withdrawn "with immediate effect". The EoI had said the potential locations for the proposed vertical were Great Nicobar's Campbell Bay Sea, Anderson Bay Sea, Vijay Nagar Bay Sea, Gandhi Nagar Bay Sea, Little Andaman's Hutbay Sea, and Netaji Nagar Sea. It added that the proposed vertical was intended to "explore the development of a future-ready, energy-efficient and environmentally sustainable digital infrastructure ecosystem leveraging the strategic location and natural advantages of the Islands". The administration's EoI also highlight

Industry seeks input tax credit relief for data centres, GCCs, other biz

Industry seeks wider GST input tax credit on construction and employee-related expenses, arguing that the current restrictions raise business costs and hurt competitiveness

CtrlS raises ₹250 cr from entrepenuers Nikhil Kamath, Sreeram Reddy Vanga

The capital will support CtrlS's infrastructure expansion and capacity build-out to meet growing enterprise and hyperscaler demand across India

Misinformation being spread over Vizag data centres' water needs: Minister

Andhra Pradesh IT Minister Nara Lokesh on Wednesday defended the state government's decision to establish data centres in Visakhapatnam, and said deliberate misinformation was being spread over their environmental and water requirements. Addressing the Assembly, the IT Minister said Google's decision to invest in Visakhapatnam had triggered wider interest from other IT companies in the city. "Deliberate misinformation was being spread over their (data centres) environmental and water requirements," said Lokesh, replying to a question. Lokesh said data centres are critical to the AI-driven digital economy and India's data sovereignty, particularly amid emerging geo-political challenges. He explained that once the proposed data-centre ecosystem reaches the targeted 6.5 GW capacity, it is estimated to require around 3 TMC (thousand million cubic ft) of water annually based on current technology. However, he stressed that newer cooling technologies are expected to reduce water consump

Smart energy management lessons from the expert

In this session, Raman Chopra, CEO, Caparo Power, talks about power hungry data centers, trends in the power sector and provides career tips to the B-Schoolers.

AI is getting cheaper to run, but powering its growth is getting pricier

AI models are becoming cheaper to run, but rising demand for data centres, computing and electricity is pushing up the infrastructure cost of AI, including in India

South Korea plans underwater data centre as AI boom strains land and power

Ulsan is developing a seabed data centre that could house 100,000 servers, using seawater for cooling as South Korea faces mounting constraints on land, power and grid capacity