India is world’s best location to set up data centres, $200 billion opportunity: Piyush Goyal

New Delhi: India is the world’s best location to set up data centres and a $200 billion opportunity is waiting to be unlocked, commerce and industry minister Piyush Goyal said Tuesday after chairing a roundtable on Ease of Doing Business (EoDB) to scale India’s data centre ecosystem.

“India is the world's best location to set up data centres..,nothing less than $200 billion can be seen coming into the data centre industry,” he said.

The minister said that the data centres, semiconductor industries, artificial intelligence, and the increased manufacturing base are all elements that will power India's growth in the years to come and take it to greater heights and help the country achieve a $30 trillion economy by 2047.


“Had excellent discussions on streamlining regulations and strengthening digital infrastructure with key stakeholders, including Data Centres & Hyperscalers, Cloud Providers, Power Producers & Equipment Suppliers, Real Estate & Construction Companies, Global Investors & PE Partners, State & Central Govt Representatives,” Goyal said in a social media post.

Participants, including hyperscalers, international investors and Indian companies that are looking to invest in the sector, indicated that huge potential is there in the country to attract investments in the segment.

“With India’s strong growth, digital capabilities and investor-friendly ecosystem under the decisive leadership of PM @NarendraModi ji, we aim to become the world’s preferred destination for data centres,” he said.

German collaboration

Goyal met Carsten Schneider, German Federal Minister for the Environment, Climate Action, Nature Conservation and Nuclear Safety, and discussed collaboration in the circular economy, waste management, renewable energy, clean technologies and sustainable solutions.

“Together, we can develop scalable solutions, strengthen green supply chains, and create new opportunities for skilled talent,” he said in a social media post.