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‘Data centre infra market in India to reach $2 billion’

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New Delhi: The Indian data centre infrastructure market will witness a 5.2 percent increase from 2015, totalling $2 billion in 2016, according to a new forecast from market research firm Gartner.

Within the Indian IT infrastructure market, server revenue is forecast to reach $698 million in 2016, an increase of 5.3 percent over 2015. Enterprise networking will continue to be the biggest segment with revenue expected to touch $963 million in 2016,” said Aman Munglani, the research director at Gartner.

“This segment will also be the fastest growing market, as spending is forecast to increase 5.9 percent in 2016. With increased focus on mobility and big data activities in India, software defined networking has the highest adoption rate amongst Indian enterprises,” he added.

The storage market is projected to reach $307 million in 2016, a 3 percent increase from 2015, the research firm said.

“Storage modernisation and consolidation, backup and recovery, and disaster recovery are some of the key drivers to this market, and they are likely to remain relevant drivers over the forecast period through 2019,” it added.

Gartner also expects the emerging hyper converged integrated systems and storage technologies based on software-defined storage to encroach on the traditional ECB external controller-based) storage market.

(IANS)

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India Gets Assistance of Rs 3,420 Crore From Japan

The project for the construction of Chennai road aims to meet increasing traffic demands in the metropolitan area and installing Intelligent Transport Systems,

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Japan will be giving a loan of Rs 3,420 crore to India to assist in constructing the Chennai Peripheral Ring Road and for joint efforts towards meeting the UN Sustainable Development Goals (SDGs).

“The loan agreements were signed here today (Friday) between the Government of India and Japan International Cooperation Agency (JICA), New Delhi under Japanese Official Development Assistance Loan Program,” the Ministry of Finance said in a statement.

The Japanese ODA loan is for construction of phase one of Chennai Peripheral Ring Road for about Rs 2,470 crore and for Japan-India cooperative actions towards SDGs in India for about Rs 950 crore.

FDI
The Japanese ODA loan is for construction of phase one of Chennai Peripheral Ring Road for about Rs 2,470 crore and for Japan-India cooperative actions towards SDGs in India for about Rs 950 crore. www.trafficchallan.co.in

The agreements were signed by Finance Ministry Additional Secretary C.S. Mohapatra and JICA New Delhi Chief Representative Katsuo Matsumoto, the Ministry said.

Also Read: Now India is One of The Most Open Countries for FDI: Narendra Modi

The project for the construction of Chennai road aims to meet increasing traffic demands in the metropolitan area and installing Intelligent Transport Systems, thereby contributing to mitigation of traffic congestion and promoting Regional Economic Development.

The other program aims to promote SDGs in India, mainly in social development, by supporting the efforts by the Indian government to strengthen the policy framework and implementation mechanism, thereby supporting India in achieving SDGs by 2030, it added.(IANS)