India’s data centre industry is set for a major expansion, with rating agency ICRA projecting that third-party data centre (DC) capacity will double to 2,400-2,500 MW by FY2028 from about 1,250 MW in FY2025. The growth will be backed by fresh investments of nearly Rs 90,000 crore over the next three years, highlighting the sector’s growing importance in the country’s digital economy.
According to ICRA, established operators as well as new entrants have lined up development projects worth 3.0-3.5 GW to be rolled out over the next 7-10 years. Total investment commitments in the sector could reach Rs 2.3-2.5 lakh crore, reflecting strong confidence in India’s digital growth trajectory.
Mumbai leads the charge
Mumbai remains the undisputed leader in the Indian data centre landscape, account