It will help the sector avail long-term credit from domestics and international lenders
The govt has decided to declare data centres as an essential service
The data centre market in India is expected to reach approximately $4 Bn in revenue by 2024
The ministry of electronics and information technology (MeitY), on Friday (November 6), released the draft data centre policy that will help the government provide infrastructure status for the data centre sector.
Meity has highlighted that the status will help the sector avail long-term credit from domestics and international lenders at easier terms and, in turn, boost investment in the segment. The government has also decided to declare data centres as an essential service, which means that the services will be available during calamities or crises as well.
The policy aims to simplify clearances for setting up data centres in the country….