Manthan – Capital Goods – The Data Center Renaissance
Published on 20 Feb 2026
India currently hosts ~1,337 MW of data-center capacity in FY25, making it the largest in the Asia-Pacific region (excluding China); this is expected to surge by around 2,000 MW by FY30 to roughly 3,395 MW. With data center set-up costs approaching Rs600-700mn per MW, the cumulative capital expenditure through FY25-30 is estimated at about Rs1.3trn - underlining sustained demand for high-reliability power, transmission infrastructure, and ancillary services.
On the global stage, a similar expansion narrative is unfolding: total data center capacity is projected to nearly double from the current ~103 GW to 200 GW by 2030, propelled by a ~17% CAGR in the Americas - where the United States accounts for around 90% of installed capacity - and continued growth in APAC led by China. These vast capacity additions are not just about digital storage; they create export opportunities for Indian equipment manufacturers and service providers integrated into global supply chains.
