ETMarkets Smart Talk | Power, electricals and cooling could be biggest winners of India’s $25 billion data-centre boom: Atul Suri

India's around 25 billion dollar data-centre investment pipeline through 2030 is set to drive a multi-year capex cycle, with nearly 75 percent of spending flowing into power equipment, electricals and cooling infrastructure. Atul Suri, CEO and CIO of Marathon Trends, argues this is a structural 'picks-and-shovels' rally favouring electronics, EMS, defence electronics and cables, which have outperformed IT services year-to-date. He cautions that stretched valuations and disruption risks for traditional IT companies warrant disciplined positioning rather than FOMO-driven buying.