India a high-growth, stable market attracting big investments: NTT
NEW DELHI : Data center and IT infrastructure provider NTT is massively expanding its presence in India, which it considers to be both geopolitically stable and the world’s fastest growing data center market. The company has eight new data centres under construction in India, which would add to its 14 existing centres in the country. India also offers a large pool of talent and revenue growth opportunity, which will further expand with the advent of AI and GenAI, NTT Global Data Centers chief executive and president Doug Adams said while launching the company’s first data centre in Noida, Uttar Pradesh on Thursday.
“In India, historically, we've seen about 29% growth. We expect to see much higher growth as AI and other technology starts to come to this market," he said. “One of the reasons we are bullish, (and why) we have so many employees within India, is that it is stable.
It does have a high concentration of very talented, well-educated individuals, and over the last two years we have spent a lot of money from NTT into this market because of the stability." In 2022, NTT announced investments of about $2 billion over five years towards building data centres in India. Last year, it committed to invest $11 billion towards expanding or upgrading its data centres globally, till 2027. The Tokyo, Japan-headquartered telecom giant has a total capacity of 268 MW across 18 centres in Delhi-NCR, Mumbai, Chennai and Bengaluru, spanning 3.1 million sq.ft.
Read more on livemint.com
