Markets

India and Southeast Asia: the next decade of compute.

Capital, capacity and AI demand are converging across India and Southeast Asia. Vastra Infra is positioned in two of the region's most strategic clusters.

India

From ~375 MW in 2020 to ~1.5 GW in 2025 — and doubling again by 2031.

National capacity 2025
~1.5 GW

Up from ~375 MW in 2020

FII share of DC equity
80–86%

Of $14.7B inflows 2020–2025

Chennai live capacity
~200 MW

Targeted ~550 MW by 2030

Chennai CAGR
>22%

2025–2030 forecast

Chennai — second-tier behind Mumbai, with 25%+ of new supply.

Chennai is institutionally validated by STT GDC, Sify, NTT, CtrlS, Equinix CN1, CapitaLand India Trust, AdaniConneX, Colt DCS, Nxtra, Digital Connexion and Yotta. The market is dominated by colocation scale-ups — leaving room for purpose-built, hyperscale AI platforms.

Where Vastra fits

Project Surya is a greenfield, phased 100 MW development positioned for hyperscale and AI workloads, with on-site battery storage and a high renewable profile — offering the State a new, purpose-built platform rather than incremental expansion of an existing one.

Southeast Asia

Johor: from 10 MW in 2021 to 1,500+ MW today.

Johor has moved from approximately 10 MW of capacity in 2021 to over 1,500 MW operational by 2024, with another 4 GW-plus under construction or planned. Sub-5 ms latency to Singapore makes it the natural cross-border availability zone for hyperscalers facing Singapore's land and power constraints.

Total supply growth
10 → 5,800 MW

2021 to H1 2025

Market vacancy
1.1%

H1 2025

Wholesale rate
US$110–140

per kW per month

Latency to Singapore
<5 ms
Investor landscape

Capital is abundant. Differentiated platforms win.

Foreign institutional dominance

Foreign institutional investors contributed ~86% of India DC equity inflows 2020–2025.

Platform vs. project plays

Platforms attract $200M–$5B+ tickets. Single-project plays — Surya's natural framing — go via co-development JV equity and anchor-led structures.

Sustainability is table stakes

Major peers anchor to renewable PPAs. Vastra's BESS + renewable architecture is structured to fit sustainability-linked finance from day one.

Sources: Vestian, IMARC, Mordor Intelligence, JLL, ResearchAndMarkets and public company announcements. Figures indicative.