Japan's NTT to invest $2 bn in India to set up data centres over next 4 yrs

Japanese company NTT on Wednesday said it will invest USD 2 billion (over Rs 14,000 crore) in India to build data centres.

It will be building new campuses in neighbouring Navi Mumbai, Chennai and Noida, and also augmenting capacities at its existing facilities in the financial capital and Bengaluru.

Data consumption has gone up in the country and more companies are adopting the cloud-based approach as well. Additionally, local regulations which insist on data localisation require such facilities. Competition in the space has increased manifold with huge investment commitments being done by names such as Adani Group and Hiranandani Group.

"We will invest