



Synergy between renewable energy and data centers core to NIIF's Master Fund II
Mint. “That cross-sector perspective informed the design of the BOM campus from the outset.”The BOM campus is NIIF's initial investment in the data centre segment, which was through a joint venture with data centre platform company Digital Edge and global asset development company AGP Sustainable Real Assets back in 2023.
The three firms committed $2 billion to build out a 300-megawatt hyperscale facility in Navi Mumbai.India is seeing an influx of large tech players and conglomerates rushing to build in the country. Since last year, Amazon, Google and Microsoft have all committed to build large AI-driven data centres in India.
Companies such as NTT Data, Yotta, Sify Infinit Spaces, RelianceJio, among others, are also building data centres in India.There's also policy tailwind, with the government proposing zero tax until 2047 for foreign cloud service providers with global clients, provided they use data centres services from India.NIIF's data centre play is rooted in how the country's demand for digital infrastructure has grown over the last couple of years, especially since AI became mainstream. “We're one of the faster adopters of AI across different industries today,” said Giri.
“In India, the demand for data centres is structural and long term. For NIIF, the combination of scale, duration and national importance is exactly what makes it a sector we would want to invest in.”India's data centre market is expected to grow significantly over the next five years.
Read on livemint.com