Explore Business Standard
India is a highly skilled and politically stable market that is giving high return on investments for data centre business, a senior official of NTT Global Data Centers and Submarine Cable company said on Thursday. The company announced the setting up of a new data centre campus in Noida with a total planned capacity of 52.8 megawatt critical IT load. NTT Global Data Centres and Submarine Cable CEO and President, Doug Adams, said Europe is the biggest market for the company, followed by the US, and Asia. However, he said the company's growth in India in the past two years was faster than in other markets. In the last two years, the company has added 44 MW of data centre capacity in Europe and 268 MW in India. "This shows that we are growing faster in India than other markets. It is a high return on investments. We have very strong growth and this is a politically very stable market that we are committed to growing," Adams said. The Noida data centre, spread across 300,000 sq ft,
NTT India has earmarked around USD 2 billion to boost information and communications technology infrastructure in the country over the next three-four years, aiming to tap the rise in data consumption, a top company official said. New data centres, cloud computing, submarine cable landing stations and solar parks are key areas where NTT India's capex is planned, he said. "We will invest USD 500 million annually for the next four years in India. This is over and above the USD 800 million we have already infused in the last two years into ICT infrastructure," NTT India MD & Sr EVP (Global Data Centres & Marine Cables) Sharad Sanghi told PTI. He was speaking on the sidelines of the ABP Group-organised INFOCOM 2022. The Indian arm of Japanese IT services major NTT Data Inc is also exploring the idea of setting up a submarine cable landing station in Kolkata, Sanghi said. The company will roll out submarine cable landing stations, which are physical locations where one or more ...