Benchmarks
Nifty24,055.80-24.61

Precious Metal
Gold (MCX) (Rs/10g.)151,962.00-2498.0

Enter search text:

Business News›News›India›India is the world's best location to set up data centres: Piyush Goyal

Read Today's Paper

India is the world's best location to set up data centres: Piyush Goyal
Synopsis

In a pivotal meeting with data centre industry players, Commerce Minister Piyush Goyal focused on facilitating business operations. He underscored India's immense potential for data centres and the substantial investments pouring in. Amid global challenges, Goyal praised India's economic growth, firmly responding to criticism of GDP statistics by highlighting the public’s role. This progress is seen as crucial for paving the way toward India’s future economic goals.

ANI

New Delhi, Commerce and Industry Minister Piyush Goyal on Tuesday held a meeting with stakeholders of the data centre industry and discussed ways to further promote ease of doing business for the sector.



"We did a round table discussion with stakeholders related to the data centre industry on ease of doing business to promote data centres in a big way because undoubtedly, India is the world's best location to set up data centres," he told reporters after the meeting here.



The minister said that the data centres, semiconductor industries, artificial intelligence, and the increased manufacturing base are all elements that will power India's growth in the years to come and take it to greater heights and help the country achieve a USD 30 trillion economy by 2047.

"Nothing less than USD 200 billion can be seen coming into the data centres industry," he said.



Participants, including hyperscalers, international investors and Indian companies that are looking to invest in the sector, indicated that huge potential is there in the country to attract investments in the segment.

ON GDP GROWTH NUMBERS

"We are proud of the people of India who, even in these very unnerving and difficult times, with two wars raging and global uncertainty and volatility, have given India 7.8 per cent growth in the quarter from April to June 2026," Goyal said.

Taking a jibe at the Congress over its criticism of the data, Goyal said, "Angoor khatte hain, mujhe lagta hai."

"I think it is the same system that has been preparing this data for years. I think it is an insult to the people of India who are working hard and achieving such fabulous results," the Union minister said.



The Congress on Tuesday termed the latest GDP numbers released by the government as "statistical gymnastics" and said the Make in India initiative has achieved very little, but the Modi government's signature "Fake in India" scheme continues unabated.



He said that this is not an attack on the government, but on the wisdom, hard work and sincerity of 1.4 billion Indians.



"It is their (Indian people) capability and hard work that are making India's economy grow rapidly," he added.

Add as a Reliable and Trusted News Source
Add Now!

(You can now subscribe to our WhatsApp channel)

(You can now subscribe to our WhatsApp channel)


Read More News on
data centres in IndiaPiyush Goyal statementease of doing business IndiaIndia investment opportunitiesGDP growth India 2026semiconductor industry Indiaartificial intelligence Indiainvestment in data centresMake in India initiativeeconomic growth India

Enter search text:

Stories you might be interested in