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Current Affairs 28 June 2022

Current Affairs 28 June 2022
affairscloud.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from affairscloud.com Daily Mail and Mail on Sunday newspapers.

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Kotak Special Situations Fund to invest INR 1000 crores in Sify's Data Center business – Padovanews

Kotak Special Situations Fund to invest INR 1000 crores in Sify's Data Center business – Padovanews
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Real estate sector news: Real estate demand for data centres set to rise by 15-18 million sq ft by 2025, says report

Synopsis Given India’s robust network connectivity, cost advantage, availability of skilled labour, low climate risk, and strong data protection laws, India is well positioned to serve as a regional data centre hub in Asia Pacific and is likely to attract significant data centre investments, the property consultancy said in the report. Reuters 5G adoption is among the factors likely to fuel the growth of India’s Data Centre market. Real estate demand for data centres is set to increase by 15-18 million sq ft in the next 4 to 5 years across major Indian cities, as data centre demand is expected to touch over 2500 MW (Megawatt) across the country with the adoption of 5G, Internet of Things (IoT), Artificial Intelligence (AI), increasing use of cloud services and in smart cities, said a Savills India’s report.

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SAP to invest ₹500 crore to accelerate multi-cloud strategy in India

SAP to invest ₹500 crore to accelerate multi-cloud strategy in India With a diverse business-to-business cloud portfolio, SAP India is focussing on addressing the demands of its local customer. REUTERS/Ralph Orlowski/File Photo (REUTERS)Premium Share Via Read Full Story BENGALURU : German technology major SAP SE on Thursday said it would invest ₹500 crore in India to localize and offer customers the flexibility of a multi-cloud environment. SAP will make available its multiple cloud solutions in India data centres. “SAP’s commitment to support India’s growth vision remains a top priority, and we are determined to achieve this with deeper collaboration with our customers, ecosystem and the government, said Scott Russell, president, SAP Asia Pacific Japan. “Our investment in India is toward accelerating the nation’s digital agenda and our customers’ transformation in the cloud.

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