ST Telemedia Global Data Centres (STT GDC) announced on Friday that it will invest US$3.2 billion to expand its data centre capacity in India by 550MW, nearly tripling its IT load capacity to meet the demands of India’s digital economy over the next five to six years.
STT GDC India – which counts Tata Communications as a minority shareholder – began operations ten years ago, and currently operates 28 data centres across ten cities in India with a total combined capacity of over 318MW of IT load.
Bruno Lopez, President and Group CEO of STT GDC, said the US$3.2 billion investment reflects its confidence in the market and the growth of India’s digital economy, as well as aligns with growing demand for digital infrastructure driven by the surge in data consumption, cloud computing, digital transformation, and growing adoption of AI applications.
“Today the India digital economy’s growth rate of almost three times overall GDP growth is putting the country on pace to achieve a US$1 trillion digital economy by 2027-2028,” he said, citing a statement from IT minister Rajeev Chandrasekhar this past May. “At STT GDC, we want to play an active role in co-investing and contributing to India’s long-term success by investing in the foundational digital infrastructure that will help further accelerate Digital India.”
STT GDC India said its customer portfolio sports around 1,000 enterprise customers, including a number of Fortune 500 companies. It also claims around 28% data centre market share by revenue.
The investment announcement came a day after Singapore-based STT GDC participated in a business roundtable with Indian Prime Minister Narendra Modi hosted by the Singapore Business Federation on September 5.
