Visitors wait for elevators the Bombay Stock Exchange building in Mumbai, India.
India’s government is weighing a new law that would require data to be stored locally, and his conglomerate Adani Enterprises Ltd. has said it expects to invest 700 billion rupees to build data parks in a southern state over the next two decades. The billionaire’s hope is to capitalise on demand from foreign technology companies, who are expanding in India as the use of smartphones and Internet surges.
And when Adani’s group decided to get involved in operations of airports, it bid almost double its main competitors in some cases. A clean sweep in the bidding process is set to add six airfields to the business overnight. As in other infrastructure businesses, by expanding into data centres, the businessman would be entering a space that demands large investment. He would also have to contend with competition from any other large Indian players who decide to make a big push into the industry.One of the big supporters of data localisation has been Adani’s fellow billionaire Mukesh Ambani, Asia’s richest man.
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