Now the world will recognize India’s might!
There may be ups and downs in the trade relations between the world’s superpower America and India, or there may be some tussle over tariffs, but when it comes to the future market, the trust of American companies is only on India. India is no longer just a market but is emerging as the most important center on the digital map of the world. A recent report by the New York Times shows that Silicon Valley giants Microsoft, Google, Amazon and Meta are ready to pour money into India’s digital infrastructure.
mega-investment worth billions of dollars
If we look at the figures, this investment may prove to be the biggest investment in any one sector in the history of India. Overall this amount is estimated to exceed $67.5 billion (about Rs 5.6 lakh crore). The largest share in this belongs to Amazon, which is planning to spend about $ 35 billion for its cloud business and data center in the next five years.
At the same time, Microsoft has announced to invest $17.5 billion for AI projects and data centers. Google is also not far behind; It has pledged $15 billion to develop data centers by partnering with Indian giants like Adani Group and Bharti Airtel. Facebook’s parent company Meta is also involved in the race to set up its own data center. That means every big player of Silicon Valley wants to deepen its roots in India.
After all, why is India everyone’s first choice?
Now the question arises that why is there so much love for India suddenly? The answer lies in the game of data. Somnath Mukherjee of Mumbai-based ASK Wealth Advisors says that India has become the largest consumer of data in the world today. About 20 percent of the world’s data is used in India alone.
The surprising thing is that despite consuming so much data, we have only 5 percent of the capacity to store it (data center capacity) compared to America. Data is being generated here, but there are less servers to handle it. This is the big gap which foreign companies have rushed to fill. Also, India’s huge internet user base and rapidly growing digital payment system is attracting these companies.
Now the country’s data will remain in the country only
A major reason behind this huge investment is the policies of the Government of India. The government has been emphasizing on ‘data localization’ for a long time. In simple language, the government wants that the data of Indians should be stored within the borders of India and not on any server abroad. Its rules are already strict in banking and messaging sector.
Foreign companies have understood that if they want to do long-term business in India, they will have to set up servers here. This is the reason why cities like Hyderabad are now becoming new hubs of data centres. The government there has given a lot of facilities to the companies on the electricity, water and policy front, due to which a network of data centers is being spread in coastal areas and big cities.
Also read- Rs 6 crore can be made in 22 years from SIP of Rs 24 thousand, know the complete mathematics