Highlights

  • Data centres operating in India had sought policy support and incentives, such as industry status
  • Mumbai and Chennai are expected to be leading DC hubs

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This budget announcement provided a boost for Adani, Ambani and Sunil Mittal

Tto classify data centers and energy storage as infrastructure assets 

Digital drive and climate action getting the thrust this budget the FM paved the way for easier cheaper and long term financing for data centres and energy storage giving a big boost India's richest from Ambani to Adani.

Data Centres and Energy Storage Systems including dense charging infrastructure and grid-scale battery systems will be included in the harmonized list of infrastructure, announced Finance Minister, Nirmala Sitharaman. This will facilitate credit availability for digital infrastructure and clean energy storage."

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Ironically it is India's richest who will not have any hurdles in financing that will benefit from this .

The Adani Group plans to initially build data centers in Mumbai, Chennai, Hyderabad and in and around New Delhi. Sunil Mittal backed Airtel to invest $671 million to triple its data center capacity to 400 megawatts by 2025. The India's richest man Mukesh Ambani's Reliance’s digital unit has also been looking to build a data center, according to a local media report.

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