financetom
Business
financetom
/
Business
/
This Japanese tech major is set to invest $2 billion in data centres across India
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
This Japanese tech major is set to invest $2 billion in data centres across India
Jul 19, 2023 10:45 AM

Japanese tech major NTT Data Services is on track to surpass the $1-billion revenue mark in India over the next few years, according to the company's CEO, Bob Pryor. In an exclusive interview with CNBC-TV18, Pryor highlighted India's strategic significance as the largest market for NTT Data outside Japan, contributing 3-4 percent to its global revenues.

Share Market Live

NSE

He added that the company aims to spend $2 billion on building data centres in India. "We can't build data centres fast enough to satisfy the demand… we will spend another $2 billion over the next three years here in India and that's part of (our) growth," he said.

Currently, the company is approaching $700 million in revenue from serving Indian companies, and they anticipate exceeding the $1-billion revenue milestone in the near future.

NTT has 40,000 employees working in India. Additionally, NTT Data's largest employee base outside Japan is in India.

Pryor emphasised the importance of India as a hub for engineering talent, providing services to clients worldwide through the company's global delivery model. NTT Data has a strong presence in North America, where clients benefit from the expertise of their Indian employees. Further, India has become a pivotal player in NTT Data's data centre business, with the company rapidly expanding its offerings to meet the soaring demand.

"India probably (has) some of our best engineering talent, and provides services to clients all over the world. We have many clients in North America, for example, that are served by our global delivery model from employees here in India. We are experiencing incredible growth here," he said.

Also read: Japan’s NTT Data buys majority stake in Atom Technologies for $9.34 million

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved