Sify Infinit Spaces is preparing to become the first listed data centre operator in India. The company says that artificial intelligence is driving a strong increase in the need for computing power. However, its chief executive Sharad Agarwal has said that future investments will remain measured to avoid excessive exposure to any possible market bubble.
Artificial intelligence technologies require large amounts of computing power. This has created rapid growth in data centres across the world, including in India. Agarwal said in an interview with a common news organisation that Sify Infinit will expand in a responsible and calculated manner to ensure that investment stays aligned with long term and sustainable demand.
The company is part of Sify Technologies, which was one of the first private internet providers in India and played a major role in the early internet era. Sify Infinit now plans to increase its customer base beyond the large cloud service providers. It wants to attract banks, financial services firms, e commerce companies, and media organisations.
Agarwal said, “We have seen the dot com bubble, we have seen the subprime crisis, and we have seen quite a few cycles in the past. We are able to cut through the reality and bubble ness of a technological development.” He added that artificial intelligence itself is not a bubble, but noted that herd behaviour could lead to overbuilding and create excess capacity.
India’s data centre capacity is expected to grow from one point three gigawatt in April twenty twenty five to four point seven gigawatt by twenty thirty. Market research firm Mordor Intelligence says this rise will be driven by increasing cloud use and growing artificial intelligence workloads.
Sify Infinit, backed by Kotak Private Equity, currently operates fourteen data centres across the country. Eleven more are under development. The company filed draft papers in October for an initial public offering worth thirty seven billion rupees.
Agarwal said that each data centre project takes two to three years to complete, which gives the company time to adjust its plans if market sentiment changes. He added that the major cloud providers, including Alphabet, Amazon, and Microsoft, continue to drive most of the demand for data capacity. At the same time, smaller local data hubs, known as edge data centres, are becoming popular as streaming and entertainment usage increases in non metropolitan cities.
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