"NTT Plans to invest around $1.5 Billion in India"
Nitin Mishra, Senior Executive Vice President & Chief Product Officer - NTT Netmagic
Since over two decades, India has been among one of the leading providers of IT and ITES services, and evolution of the data center industry is a natural progression. At present, the demand is greater than the supply, and NTT expect this accelerated growth to continue in the foreseeable future. They are already one of the largest players in the sector with various unmatched service offerings and excellent customer experience. They have robust plans to expand their footprint across India in a systematic and environmentally responsible manner.
According to Nitin, Netmagic is one of the leading names in the Indian cloud computing services vertical. For enterprises to successfully adopt to cloud technologies, scalable, strong and cutting-edge infrastructure is of utmost importance.
We are scaling up massively to keep up with the rising demands. Currently, we have a capacity of 1.2 million square feet across 9 data centers located in Mumbai, Noida, Chennai and Bengaluru and in the coming years, we will increase it to 1.5 million square feet. We have already planned an investment close to $1.5 billion in India itself. With the rapid proliferation of IoT technology, devices and connectivity, edge computing will be adopted by the large enterprises as it promises faster connectivity and better computing ability along with a higher degree of personalization. In the next five years, India is expected to constitute 20% of the global IoT data market and are planning to set up edge DCs to address the emerging technology needs.