The grant of infrastructure status to the data centre industry, as proposed by the Union Budget presented on Tuesday, has not only led to expectations of rapid growth on the back of a sizeable flow of foreign investment and private capital, but also hopes of acceleration in digital businesses, including fintech, healthtech, and edtech, which generate a large quantum of data, according to industry experts.
Even with data centres being listed as infrastructure providers, much still hinges on the Data Protection Bill, said Sanchit Vir Gogia, chief analyst and founder of Greyhound Research. “Unless the bill is in place and data protection laws are solid, infrastructure status may still not pull in investments given that some stakeholders, especially investors from overseas, could be hesitant to invest. The bill should have the provisions that will match the standards of overseas companies wanting to invest in India,” Gogia said.HT Mint
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