Japan’s NTT to invest estimated $1.5 billion in data centres in India

Japanese tech major NTT on Wednesday said a significant part of its USD 7 billion global commitment for data centres business would be spent in India over the next four years.

The company also feels that there will be margin compression issues for the data centres business in India as capacity supply goes up along with an increase in competition, NTT’s country chief executive for global data centres and cloud infrastructure, Sharad Sanghi, told PTI.

In the last few months, a string of corporates, including the Adani Group, Hiranandanis and Reliance Industries have announced investments in data centres, on the back of regulatory moves like data sovereignity which makes it incumbent upon financial institutions to house their data locally.