NTT to invest $2 bn in India data centre business
By MYBRANDBOOK
NTT's Global Data Center division 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. It would invest about 2 billion dollars over the next four years to expand its data centre business in India.
With the data consumption has gone up in the country and more datacenter 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 USD 2 billion in India for building data centres over the next four years," the company's chief executive for India Sharad Sanghi told PTI. Sanghi further said a part of the commitment will be invested in building solar and wind power generating facilities because the company is committed to have its own captive power generation capabilities from renewable power at the same level as the consumption requirement in five years.
When asked about competition and its impact, he said there can be pricing pressures in the near to medium term but eventually the data centre industry will lead to consolidation, just like the telecom sector.
Sanghi said, there are three buildings in the campus and it will add an equal number as part of the new investment plan and added that the facility is also host to a cable landing and NTT is "very bullish" on India, one of the fastest growing markets for it globally.
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