An incentive policy for the private sector companies to set up data center parks in India will make it affordable for firms to store data locally vis-à-vis other locations such as Singapore and also prepare them for the deluge of data which is expected to be generated in the country in the next few years with the growth of Internet of Things (IoT) and 5G.
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.
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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