Delhi Developer Plans $2B Expansion for Haryana Data Centers

Anant Raj Ltd., a Delhi-based developer, plans to invest $2.1 billion to expand its data center operations in India by building two additional data centers in Haryana, adding to its existing facility. The company targets a total capacity of over 300 megawatts by 2032, aiming for data centers to contribute more than 40% of its revenues, up from the current 5%. This investment comes amid India's broader data center boom, with capacity expected to grow 77% to 1.8 gigawatts in the next four years, driven by increased demand for AI-led services and mandatory data localization rules. Anant Raj has partnered with French IT firm Orange Business to offer cloud services alongside its data centers, seeking to keep more of India's data stored locally. Experts highlight that while India generates 28% of the world's data, only 1% is stored domestically, presenting a significant growth opportunity. This trend is part of a larger push in India, with other major companies like Adani Group, Reliance Industries, RMZ Corp, and Panchshil Realty also expanding their data center footprints.