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India Gazette
27-06-2025
- Business
- India Gazette
India's manufacturing sector poised for leap with infrastructure and policy push: Report
New Delhi [India], June 27 (ANI): India's manufacturing landscape is undergoing a significant transformation, fueled by robust infrastructure development and supportive government policies, as revealed in a recent report by Cushman & Wakefield named Elevating India's Manufacturing Resilience: Charting the Path to on a survey of 94 senior leaders conducted by Cushman & Wakefield across the manufacturing and logistics sectors, including CEOs, plant heads, and supply chain managers, the report highlights strong industry optimism. Notably, 88 per cent of respondents plan to expand operations, driven by infrastructure projects like Bharatmala, Sagarmala, Dedicated Freight Corridors, and the National Industrial Corridor Development. Additionally, 95 per cent reported improved access to logistics, while 94 per cent of large enterprises credited infrastructure upgrades as central to their growth strategies.'India's manufacturing sector is undergoing a structural shift. Our findings indicate a strong alignment between infrastructure investment, policy clarity, and industry intent. According to our survey, 88 per cent of manufacturers are scaling up due to infrastructure-led confidence, and over 95 per cent report improved logistics access through government-backed programs,' said Gautam Saraf, Executive Managing Director, Mumbai & New Business, Cushman & initiatives like the Production Linked Incentive (PLI) scheme and the National Logistics Policy (NLP) are also shaping business decisions. Over 40 per cent cited these policies as having a significant impact, with MSMEs particularly benefiting from improved connectivity and ease of doing business, acknowledged by 77 per cent of all these advancements, critical challenges persist. High logistics costs, low warehousing capacity (0.2 sq. ft. per urban resident vs. 47.3 in the U.S.), minimal domestic value addition (17 per cent vs. China's 25 per cent), and skill gaps, especially in MSMEs, threaten long-term address these, the report outlines a five-pronged strategy: plug-and-play industrial parks, multimodal logistics networks, skill development programs, MSME reform, and digital platforms for export facilitation. Plug-and-play parks--pre-approved and infrastructure-ready--are highlighted as transformative, with the Union Budget 2025-26 allocating 2,500 crore for 12 such 81 per cent of companies planning to expand in the next two to three years and 70 per cent ready to move into Tier II and III cities, the report underscores the urgency of continued infrastructure investment. 'India's manufacturing is at an inflection point,' said Gautam Saraf, Executive Managing Director, Cushman & Wakefield. 'The alignment of policy, infrastructure, and private sector intent offers a clear pathway to global competitiveness.' (ANI)
Time of India
03-06-2025
- Business
- Time of India
Mumbai emerges as a global data center hub, ranking 6th in under-construction capacity
Mumbai ranks 6th globally in under-construction capacity, surpassing global hubs like London, Dublin, becoming a data centre hub, according to the report by Cushman & Wakefield, covering 97 global markets, highlights power access, land availability, and infrastructure as key factors shaping data center development. Global Data Center markets are seeing surging demand due to relentless growth and expansion of cloud computing and AI workloads. The data center industry experienced significant growth in 2024, Asia Pacific cities continue to demonstrate strong growth momentum, ten of the world's 30 largest data center markets are now in the Asia Pacific region. The report highlights that Asia Pacific ended 2024 with 1.6 GW of new capacity coming online, bringing the region's total operational data center capacity to 12.2 GW. The development pipeline remains strong, with an additional 14.4 GW of capacity currently under construction or planned. Key drivers such as 5G rollouts, increased cloud adoption, rising digital content consumption, and expanding IoT use cases continue to accelerate demand in the region's data center sector. 'India's data center landscape is undergoing a strategic shift—Mumbai has firmly positioned itself among the top global markets, while Pune is emerging as a key data center hub in the APAC region. India's data center sector has attracted prominent international operators and investors, even as domestic players continue to expand capacity,' said Gautam Saraf, Executive Managing Director – Mumbai & New Business, India, Cushman & Wakefield. Live Events These trends have attracted sustained investor interest, supported by rising occupancy levels, stable rental yields, and long-term growth prospects from hyperscale and colocation expansions. With these fundamentals, Asia Pacific is poised for continued growth over the next three to five years. Amid this regional momentum, Mumbai is emerging as a significant contributor to capacity expansion in the APAC region. The report further states that Mumbai ranks as the 7th most established data center market in the APAC region. At the end of 2024 the city had 335 MW of data center capacity under construction, which, once completed, will expand its operational capacity by 62%. At the same time, Mumbai accounts for 42% of India's projected under construction capacity—underscoring its growing prominence as a regional data center hub. The data center growth is further supported by digital infrastructure upgrades in the city. 2025 may witness the completion of three crucial undersea data cable projects landing in Mumbai. These are expected to significantly increase India's internet capacity and speed, enhancing inter-regional digital connectivity with Africa, Europe, the Middle East, and Asia. The completion of these projects will further elevate Mumbai's position as a major connectivity hub in the Southeast Asian region. Pune emerging data center powerhouse Ranked 4th among APAC's top emerging data center markets. As of Q1 2025, Pune's operational data center stock stands at 112 IT MW. With an additional 190 IT MW of capacity currently in the under-construction or planned stages, across key corridors such as Hinjewadi and Pimpri-Chinchwad, the city is well-positioned for accelerated growth. Major players, including STT GDC, Nxtra by Airtel, and IronMountain are anchoring their presence in the region—attracted by Pune's favorable climate, skilled talent pool, dependable power infrastructure, and strategic connectivity to Mumbai's cable landing stations.
