Sify Adds 11 Data Centers, Eyes 2026 IPO Amid AI Boom

• Sify Technologies launched 11 new data centers in the last 12 months, as announced by CMD Raju Vegesna.
• The company is targeting an Initial Public Offering (IPO) in 2026.
• Expansion driven by surging AI workloads, cloud demand, and data localization requirements in India.
• Government policies in Budget 2026 support data center growth with tax incentives, customs duty concessions, and accelerated depreciation.
• These measures reduce capital costs and improve project viability for data center operators.