Image Credit: ST Telemedia
ST Telemedia Global Data Centres (STT GDC), headquartered in Singapore, announced an SGD 4.17 billion (US$3.2 billion) investment in India.
The aim is to expand its data centre capacity by 550MW, nearly tripling its IT load over the next five to six years.
It will help meet the demand for digital infrastructure, driven by the surge in data consumption, cloud computing, digital transformation, and the adoption of AI applications.
STT GDC’s president and group CEO, Bruno Lopez, said, “Prime Minister Modi’s vision for Digital India has paved the way for opportunity; 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.”
“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,” Lopez added.
STT GDC currently commands around 28 percent of the Indian data centre market share by revenue.
STT GDC India is majority-owned by STT GDC, while Tata Communications holds a minority stake.
The portfolio includes 28 data centres across 10 cities in India, with a combined capacity of over 318MW.