FDI To Increase, Indian IT Firms To Benefit From FM’s Data Centre Plan

Finance Minister Nirmala Sitharaman’s proposal in the Union Budget to come up with a policy for setting up data centre parks would benefit tech services companies and attract foreign investments in creating the adequate infrastructure for all industry sectors, said analysts.

Several large firms such as Adani Group, Hiranandani Group and Reliance Industries have already announced investment plans to set up data centres in various parts of the country.

Analysts said dedicated zone for such a park has already been announced and work has started to build such facilities as the government is pushing to create infrastructure.

“Essentially, with the push for digitisation across all sectors you need adequate infrastructure at the back-end with data warehouses. Investment zones have been allocated in Mumbai. It will be much in line with the Special Economic Zones,” said Sanchit Vir Gogia, chief executive Greyhound Research.

[Economic Times]


Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.

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