Union Budget 2022-23: Data center, energy storage system to be given infrastructure status, says Finance Minister Nirmala Sitharaman

Union Budget 2022-23: Data center, energy storage system to be given infrastructure status, says Finance Minister Nirmala Sitharaman

On Tuesday 1st February 2022, the Finance Minister of India, Nirmala Sitharaman presented the Union Budget speech for fiscal 2022-23 in the Indian Parliament, where she prominently addressed the IT and the Data center industry.

Finance Minister Nirmala Sitharaman said data centre and energy storage system will be given infrastructure status to provide easy financing to the sector.

While presenting the Union Budget 2022-23, she informed that private equity and venture capital investors invested Rs 5.5 lakh crore in startups.

She said an expert committee will be set up to suggest measures to help attract more investments.

Measures will also be taken to step up private capital in the infrastructure sector, she said.

Read the full news on Budget 2022 here

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