NTT Data Lines Up $3 Billion Investment For India Data Center Business
NTT Data, the $30-billion Japanese IT services and infrastructure firm, is set to invest about $3 billion in India, which is nearing the billion-dollar revenue mark in the country, according to top executives.
"India serves a lot of our clients around the world and especially in the Americas, which is my priority focus. But as a domestic market, we hope to cross the billion-dollar mark in revenue in the next couple of years," Bob Pryor, chief executive officer of NTT Data Services, told BQ Prime.
India is home to NTT Data's second-largest employee base outside of Japan, he said.
The country is the "fastest area of growth" for NTT Data and they will spend close to $3 billion over the next five years investing in next-generation data centres, the CEO said.
"Right now, the largest footprint of expansion is the U.S. The second largest is here in India, so it continues to capture a lot of that capital investment."
"And that continues to not even meet all the demand we're seeing from our clients to be able to build data centres here. So, advanced data centres being able to support edge computing and all the AI initiatives—that's a big part of what's driving both the investment," Pryor said.
The growth within data centres is driven by hyperscales, which are facilities built to support large-scale businesses. "When you think of the likes of Microsoft, AWS, Google, Oracle, and SAP, those core hyperscalers are driving massive growth of not only current services but the next generation of services. All are investing very heavily into the next iteration of generative AI, which consumes a lot of compute requirements," he said.
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