Renowned real estate consulting firm CBRE South Asia Private Limited predicted that Karnataka will emerge as the hot destination for data centers because of the data center policy of the Government of Karnataka.
The policy will put Karnataka as one of the top states in digital economy. The growing demand for data centers in Karnataka predicted as Big Data, Industry 4.0, 5G, Cloud computing have increased their operations and also the Indian OTT streaming industry.The factors congenial for the data centers to make a beeline to Karnataka are the state being technological hub, strategic location, power surplus state, skilled workers, industrial growth, congenial policies, low environmental risk, the report said. Subsidy on power tariff, land subsidy, incentives on investments, exemption from stamp duty and other incentives applicable all over Karnataka are some of the factors that are helpful in state becoming hot destination for the data centers.
