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ICT Including Services

Government wants to make India a data centre hub, plans Rs 12,000 crore sops

An ambitious incentive scheme worth up to Rs 12,000 crore (€1.4 billion) is in the works to encourage companies to set up data centres in the country. The govt. is targeting an investment of Rs 3 lakh crore in the next five years as part of the hyperscale data centre scheme and is planning to provide between 3% and 4% of capital investment as incentive to companies, along with real estate support and faster clearances. Vision is to “make India a global data centre hub” and termed the scheme’s target as the largest so far in terms of expected investment in the country over a period of just five years.

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