Japanese tech firm NTT to invest $2 bn in India data centre business over next four years

Pune: Japanese technology firm NTT said it would invest about $2 billion over the next four years to expand its data centre business in India.

NTT’s Global Data Center division on Wednesday announced the launch of a new data centre in Mumbai, expanding its capacity in the country by 30%.

The Mumbai 7 Data Center has 375,000 square feet of co-location space and will offer 5,000 racks and over 30 MW of load capacity.

The company will invest the funds in expanding its data centres and networks as well as new solar power projects in India. The company also launched its first 50 MW Solar Photovoltaic (PV) power plant in Solapur, Maharashtra, in partnership with Tata Power.

The plant is aimed at meeting 83% of the electricity needed by the Mumbai data centres and can be expanded to generate a further 50 MW in future.

“India has been a key market for NTT’s data centre portfolio,” said Masaaki Moribayashi, senior executive vice president – services of NTT.

“That’s why we continue to expand our portfolio of state-of-the-art data centres in new and existing markets that complement our global geographic footprint and support our clients as their demand increases for reliable, robust cloud services, cloud communications, digital entertainment, and new technologies such as artificial intelligence.”

NTT, which had earlier acquired local data centre firm Netmagic, currently operates 10 data centres across four major cities with over 1.5 million sq ft and over 150 MW of power. It plans to double its capacity in the next two to three years.

“We are extremely pleased to increase our data centre footprint in Mumbai during this pandemic to enable our clients to derive greater value while delivering business outcomes,” said Sharad Sanghi, CEO, Global Data Centers and Cloud Infrastructure of NTT in India.

“Our data centre facilities are poised to become the very heart of India’s IT Infrastructure needs, providing the right platform with end-to-end ICT solutions, combining hosted infrastructure, network, security and managed services – to balance the critical IT load of businesses,” he added.

The Mumbai 7 Data Center is the third hyperscale data centre in the Chandivali campus and is well connected by fibre from all four sides.

Together, NTT’s Mumbai hub of data centres makes the Chandivali campus India’s first and largest operational hyperscale Data Center Park, which totals over 1,000,000 sq ft, 13,000 racks and 100 MW of load capacity.

According to 451 Research, India is growing at 23% CAGR (2017-2022) due to increased demand from global cloud providers and a proposed data sovereignty law by the government, as well as less-than-ideal market conditions that have been playing elsewhere in the Asia Pacific region.

Japanese tech firm NTT to invest $2 bn in India data centre business over next four years Japanese tech firm NTT to invest $2 bn in India data centre business over next four years Reviewed by TechCO on 9/30/2020 Rating: 5

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