The incentive, if implemented, would be linked to targets for capacity addition, energy efficiency, and job creation, potentially providing a major boost to the sector.
Reports also suggested that states may be encouraged to provide land near industrial corridors, IT hubs, or manufacturing bases to support data centre projects. Proposals include granting permanent establishment status to foreign firms operating or leasing at least 100 MW of data centre capacity from Indian companies.
According to Business Standard, the move aims to strengthen domestic capacity in critical areas such as artificial intelligence (AI), cloud computing, and cybersecurity, while generating significant employment opportunities beyond metro cities, including Tier-II and Tier-III towns.
Anant Raj, which has expanded its business from residential townships, commercial properties, and IT parks into data centre and cloud infrastructure projects, is seen as a key beneficiary of these developments.
The company’s focus on high-growth segments has kept it on investors’ radar amid rapid expansion in India’s data centre industry. A recent Nomura report highlighted that India’s data centre market is poised for robust growth, driven by rising digitalisation, a growing internet user base, and increasing adoption of technologies such as AI and the Internet of Things (IoT), which require real-time processing of vast volumes of data.Shares of Anant Raj ended Monday’s session with a 10% gain at Rs 586.50 on NSE.Also read: SEBI’s curb on weekly F&O expiry: Feroze Azeez explains what it could mean for investors
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