India's data center market is expected to reach $5 billion by 2024, driven by rapid digitalization and increasing demand for data storage. This growth presents lucrative opportunities for small-cap stocks to capitalize on the expanding market.
Data CenterSmallcap StocksAnant Raj LtdSchneider ElectricTechno ElectricReal EstateOct 27, 2024
Rapid digitalization and increasing demand for data storage are the primary drivers of India's data center market growth. The market is expected to reach $5 billion by 2024.
Anant Raj Ltd is converting 5.66 million square feet of commercial property into a 157 MW data center, expecting Rs. 3,300 crore in rentals once fully operational.
Schneider Electric's new manufacturing facility in Bangalore, spanning 6.5 acres, will produce cooling solutions for data centers, telecom, and industrial applications, with 85 percent of products intended for export.
Techno Electric & Engineering Company Ltd plans to invest $1 billion to establish data centers with a total capacity of 250 MW across India by 2030. They are currently constructing a 24 MW facility in Chennai.
Data centers require an uninterrupted power supply to operate effectively. Diesel generators serve as backup power sources during grid outages or fluctuations, ensuring continuous operation.
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Maharashtra Transport Minister Pratap Sarnaik has announced plans to regulate private passenger transport service providers, including Uber and Ola, to enhance safety and service quality.