<p><em><strong>By P R Sanjai and Dhwani Pandya,</strong></em></p>.<p>India’s plans to classify data centres and energy storage as infrastructure assets allowing firms to access cheap and long-term credit, in a big boost for billionaires Gautam Adani, Sunil Mittal and Mukesh Ambani’s plans to aggressively grow in these segments.</p>.<p>“Data centres and energy storage systems including dense charging infrastructure and grid-scale battery systems will be included in the harmonized list of infrastructure,” Finance Minister Nirmala Sitharaman said Tuesday as part of the Budget speech in Parliament. “This will facilitate credit availability for digital infrastructure and clean energy storage.” </p>.<p>The policy tweak, effective from April 1, comes as Asia’s no. 3 economy seeks to keep its data within its borders as well as stoke a massive boom in online payments, e-commerce and quantum computing. Roll out of ultra-speedy 5G telecom services will further increase demand for data centre services, spurring conglomerates helmed by Adani and Mittal to rapidly scale up. Ambani’s Reliance Industries Ltd., which is developing gigafactories including one for energy storage as part of a $76 billion investment plan, is also likely to benefit from this reclassification.</p>.<p><a href="https://www.deccanherald.com/business/union-budget/budget-decoded-your-complete-guide-to-union-budget-2022-1077105.html" target="_blank"><strong>Budget Decoded | Your complete guide to Union Budget 2022</strong></a></p>.<p>The infrastructure tag “is expected to provide access to cheaper and long-term institutional funds, which will promote investments,” Radha Dhir, chief executive officer and India head at real estate consultancy JLL, said in an email. She expects India’s data centre capacity to double from 499 megawatts in the first half of 2021 to 1,008 megawatts next year.</p>.<p>Adani, Asia’s second-richest person, said in November that he wants his conglomerate to be a world leader in green data storage, with sites run entirely on clean power, in sync with India’s goal of turning carbon net zero by 2070. The Adani Group plans to initially build data centres in Mumbai, Chennai, Hyderabad and in and around New Delhi. </p>.<p>Bharti Airtel Ltd., the country’s No. 2 wireless carrier overseen by Mittal, announced plans in September to invest Rs 5,000 crore to triple its data centre capacity to 400 megawatts by 2025. Reliance’s digital unit has also been looking to build a data centre, according to a local media report.</p>.<p>Representatives for Adani Group, Reliance and Bharti Airtel did not immediately respond to an emailed request for comments on the policy change announced in the Budget.</p>.<p><strong>Check out latest DH videos here</strong></p>
<p><em><strong>By P R Sanjai and Dhwani Pandya,</strong></em></p>.<p>India’s plans to classify data centres and energy storage as infrastructure assets allowing firms to access cheap and long-term credit, in a big boost for billionaires Gautam Adani, Sunil Mittal and Mukesh Ambani’s plans to aggressively grow in these segments.</p>.<p>“Data centres and energy storage systems including dense charging infrastructure and grid-scale battery systems will be included in the harmonized list of infrastructure,” Finance Minister Nirmala Sitharaman said Tuesday as part of the Budget speech in Parliament. “This will facilitate credit availability for digital infrastructure and clean energy storage.” </p>.<p>The policy tweak, effective from April 1, comes as Asia’s no. 3 economy seeks to keep its data within its borders as well as stoke a massive boom in online payments, e-commerce and quantum computing. Roll out of ultra-speedy 5G telecom services will further increase demand for data centre services, spurring conglomerates helmed by Adani and Mittal to rapidly scale up. Ambani’s Reliance Industries Ltd., which is developing gigafactories including one for energy storage as part of a $76 billion investment plan, is also likely to benefit from this reclassification.</p>.<p><a href="https://www.deccanherald.com/business/union-budget/budget-decoded-your-complete-guide-to-union-budget-2022-1077105.html" target="_blank"><strong>Budget Decoded | Your complete guide to Union Budget 2022</strong></a></p>.<p>The infrastructure tag “is expected to provide access to cheaper and long-term institutional funds, which will promote investments,” Radha Dhir, chief executive officer and India head at real estate consultancy JLL, said in an email. She expects India’s data centre capacity to double from 499 megawatts in the first half of 2021 to 1,008 megawatts next year.</p>.<p>Adani, Asia’s second-richest person, said in November that he wants his conglomerate to be a world leader in green data storage, with sites run entirely on clean power, in sync with India’s goal of turning carbon net zero by 2070. The Adani Group plans to initially build data centres in Mumbai, Chennai, Hyderabad and in and around New Delhi. </p>.<p>Bharti Airtel Ltd., the country’s No. 2 wireless carrier overseen by Mittal, announced plans in September to invest Rs 5,000 crore to triple its data centre capacity to 400 megawatts by 2025. Reliance’s digital unit has also been looking to build a data centre, according to a local media report.</p>.<p>Representatives for Adani Group, Reliance and Bharti Airtel did not immediately respond to an emailed request for comments on the policy change announced in the Budget.</p>.<p><strong>Check out latest DH videos here</strong></p>