Adani Enterprises said it expects to invest $10.2 billion to build data parks in a southern state over the next two decades, Bloomberg reported.
Gautam Adani, founder of Adani Enterprises, aims to sell data storage services to companies such as Amazon.com and Google. The Centre is weighing a new law that would require data to be stored locally.
A draft of India’s 2018 Personal Data Protection Bill mandates storage of personal data on a server or in a data centre located in the country, citing the need to protect the autonomy of individuals and their personal data. The bill would need to be approved by lawmakers.
The concerns over data security is fuelling the need for countries to demand localisation of data and India being a growing economy, I don’t expect global data giants like Google, Amazon or Alibaba to overlook this market, said Apalak Ghosh, industry manager for digital transformation at Frost & Sullivan.