NTT to invest $1.5 bn in India, to double data centres in 3 years

NTT that has integrated its three India units into one entity from this January, is focusing more on the data centre space where it leads the market, getting three-fourths of the committed $ 2 billion capex, which will see it nearly double the capacity to 2.5 million sq ft, says a senior official of the Japanese technology services major, as per the PTI report.

NTT in India was formed earlier this year after merging the three businesses –NTT India, NTT Communications India, and NTT-Netmagic under the leadership of Sharad Sanghi as the chief executive, following an announcement to this effect in last November. Prior to this, Sanghi was chief executive of Global Data Centres and Cloud Infrastructure India, known more as NTT-Netmagic.

NTT had also said a $2-billion capex to drive the data centres, networks and solar projects in the country over the next three years.

NTT’s association with India began when in 2012 it bought a controlling stake in Netmagic, the country’s first independent data centre provider launched by Sanghi for a reported Rs 900 crore. Later in 2018 he fully exited the company selling the remaining 19 per cent stake to NTT.

Sanghi was the pioneer in the data centre space having set up the country’s maiden company in the space Netmagic way back in July 1998.

With over 1.5 million sqft across 10 data centres operational already in four cities, NTT is the largest operator in this segment and Sanghi says this will more than double to 2.5 million sqft over the next three years and will be entering four more cities.

“Going forward our focus will be the data centre space. Accordingly, we’re launching six more data centre parks over the next three years. Of them, currently three parks are under construction in Mhape and Airoli (both Navi Mumbai) and Chandivali in Mumbai; and one each will be come up in Chennai, Delhi-NCR and Bengaluru,” Sanghi said.

“This expansion will see up investing almost $1.5 billion of the committed $ 2 billion capex over the next three years, and will early double our capacity to over 2.5 million sqt from 1.5 million sqft now,” Sanghi added.

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