STT GDC to invest $3.2 billion in India to expand data centre capacity
ST Telemedia Global Data Centres (STT GDC) on Friday announced an investment of $3.2 billion (Rs 26,000 crore) to expand its data centre capacity in India by 550 megawatts over the next five to six years.
This will nearly triple the Singapore-headquartered data centre company’s IT load capacity to meet the demands of India's thriving digital economy, it said in a statement.
STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers.
“This strategic investment reflects STT GDC's confidence in India and the growth of its digital economy, as well as aligning with the burgeoning demand for digital infrastructure, driven by the surge in data consumption, cloud computing, digital transformation and growing adoption of AI applications,” the company said.
It added that the investment would solidify its market leadership in the country where it currently holds a 28% market share by revenue.
“At STT GDC, we want to play an active role in co-investing and contributing to India's long-term success by investing in the foundational digital infrastructure that will help further accelerate Digital India,” said Bruno Lopez, group chief executive at STT GDC. “We are excited about the opportunities ahead and are confident in our ability to contribute significantly to India's digital transformation.”
The growth rate of India’s digital economy today is almost three times its GDP
