STT GDC Invests $3.2 Billion to Expand Data Centre Capacity in India
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On Fri, 6 Sept, 4:02 PM UTC
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STT GDC to invest $3.2 billion in India to expand data centre capacity
STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers. ST Telemedia Global Data Centres (STT GDC) on Friday announced an investment of $3.2 billion (Rs 26,000 crore) to expand its data centre capacity in India by 550 megawatts over the next five to six years. This will nearly triple the Singapore-headquartered data centre company's IT load capacity to meet the demands of India's thriving digital economy, it said in a statement. STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers. "This strategic investment reflects STT GDC's confidence in India and the growth of its digital economy, as well as aligning with the burgeoning demand for digital infrastructure, driven by the surge in data consumption, cloud computing, digital transformation and growing adoption of AI applications," the company said. It added that the investment would solidify its market leadership in the country where it currently holds a 28% market share by revenue. "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," said Bruno Lopez, group chief executive at STT GDC. "We are excited about the opportunities ahead and are confident in our ability to contribute significantly to India's digital transformation." The growth rate of India's digital economy today is almost three times its GDP growth, and the country is expected to achieve a $1 trillion digital economy by 2027-2028, he noted. STT GDC was among the participants in a business roundtable with Prime Minister Narendra Modi hosted by the Singapore Business Federation on Thursday. Modi was on a two-day Singapore visit. The company has operations in Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam.
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STT GDC Commits USD 3.2 Billion to Add 550MW of Data Centre Capacity in India
The company operates 28 data centres across 10 cities in India, serving over 1,000 enterprise clients. Singapore-headquartered ST Telemedia Global Data Centres (STT GDC) today announced an investment of USD 3.2 billion (Rs 26,000 crores) to expand its data center capacity in India by 550 MW, nearly tripling the company's IT load capacity to meet the demands of India's digital infrastructure, which is driven by data consumption, cloud computing, and AI adoption, over the next 5-6 years. Also Read: ST Telemedia Global Data Centres Enhances Sustainability-Linked Financing Framework STT GDC India is majority-owned by STT GDC in partnership with Tata Communications, which holds a minority stake in the company. "This investment also further solidifies our market leadership in India, where we already command about 28 percent of the market share by revenue," STT GDC said on Friday. "As we celebrate STT GDC's 10th anniversary this year, embarking on this ambitious expansion is a sign of our confidence in Digital India and the future of one of STT GDC's strategic and fastest-growing markets globally," ST Telemedia Global Data Centres said. "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. We are excited about the opportunities ahead and are confident in our ability to contribute significantly to India's digital transformation," STT GDC added. Also Read: STT GDC Partners with Phaidra to Pilot AI-Based Cooling System in Singapore In India, STT GDC's data center portfolio has a total combined capacity of over 318 MW of IT load. The company operates 28 data centers across 10 cities, serving over 1,000 enterprise clients, including many Fortune 500 companies, the official release said.
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ST Telemedia Global Data Centres Reinforces Commitment to Digital India, Invests US$3.2 billion to add 550MW Data Centre Capacity
SINGAPORE - Media OutReach Newswire - 6 September 2024 - ST Telemedia Global Data Centres (STT GDC), one of the world's fastest-growing data centre colocation services provider headquartered in Singapore, today announced a significant investment of US$3.2 billion (INR 26,000 crores) to expand its data centre capacity in India by a substantial 550MW, nearly tripling the company's IT load capacity to meet the demands of India's thriving digital economy, over the next 5-6 years. This strategic investment reflects STT GDC's confidence in India and the growth of its digital economy, as well as aligning with the burgeoning demand for digital infrastructure, driven by the surge in data consumption, cloud computing, digital transformation, and growing adoption of AI applications. This investment also further solidifies our market leadership in India, where we already command about 28% of market share by revenue. STT GDC India is majority-owned by STT GDC in partnership with Tata Communications Ltd, which holds a minority stake in the company. STT GDC India's portfolio consists of 28 data centres across 10 cities throughout India. Today, its data centre portfolio has a total combined capacity of over 318MW of IT load, with a well-diversified portfolio of about 1,000 enterprise customers that include many Fortune 500 companies. More recently, STT GDC India was recognised as a Great Place to Work for the fifth consecutive year, as well as one of the Best Places to Work in Asia. "As we celebrate STT GDC's 10th anniversary this year, embarking on this ambitious expansion is a sign of our confidence in Digital India and the future of one of STT GDC's strategic and fastest growing markets globally. 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 2027-20281. 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. We are excited about the opportunities ahead and are confident in our ability to contribute significantly to India's digital transformation," said Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres. STT GDC, along with several other Singapore business leaders, participated in a Business Roundtable with Prime Minister Narendra Modi hosted by the Singapore Business Federation on 5 September 2024. ----- 1 India digital economy: India to be $1 trillion digital economy by FY28: IT minister Rajeev Chandrasekhar - The Economic Times (indiatimes.com) Hashtag: #STTelemediaGlobalDataCentres #STTGDC #EnablingOurDigitalFuture The issuer is solely responsible for the content of this announcement. About ST Telemedia Global Data Centres ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visit . ST Telemedia Global Data Centres
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ST Telemedia Global Data Centres (STT GDC) announces a significant $3.2 billion investment to expand its data centre capacity in India by 550MW over the next 3-4 years, reinforcing its commitment to the country's digital growth.
STT GDC's Massive Investment in India's Digital Infrastructure
ST Telemedia Global Data Centres (STT GDC), a leading data centre service provider, has announced a substantial investment of $3.2 billion to significantly expand its data centre capacity in India. This move underscores the company's commitment to supporting India's rapidly growing digital economy and its position as a key player in the country's technological landscape 1.
Expansion Plans and Capacity Growth
The investment will see STT GDC add an impressive 550 megawatts (MW) of IT load capacity to its existing infrastructure over the next three to four years. This expansion will more than triple the company's current capacity in India, which stands at 234 MW across 24 facilities in nine cities 2. The planned growth will bring STT GDC's total capacity in the country to a substantial 784 MW, firmly establishing its position as a major contributor to India's digital infrastructure.
Strategic Importance and Market Position
STT GDC India's CEO, Sumit Mukhija, emphasized the strategic importance of this investment, stating that it aligns with the company's goal of becoming the largest data centre operator in the country. The expansion is expected to cater to the increasing demand for data storage and processing capabilities driven by the rapid digitalization across various sectors in India 3.
Impact on India's Digital Economy
This significant investment is poised to have a far-reaching impact on India's digital ecosystem. It will support the growth of various digital initiatives, including cloud computing, artificial intelligence, and the Internet of Things (IoT). The expanded data centre capacity will enable businesses and government entities to store and process vast amounts of data more efficiently, fostering innovation and digital transformation across the country 1.
Sustainability and Technology Focus
In line with global trends and India's commitment to sustainable development, STT GDC's expansion plans incorporate a strong focus on environmental sustainability. The company aims to implement advanced cooling technologies and energy-efficient systems in its new data centres. This approach not only reduces the environmental impact but also aligns with the increasing demand for green data centre solutions 2.
Market Outlook and Future Prospects
The data centre market in India is experiencing rapid growth, driven by factors such as increased internet penetration, the government's Digital India initiative, and the rising adoption of cloud services. STT GDC's substantial investment reflects the company's confidence in the long-term potential of India's digital economy. Industry experts predict that this expansion will not only meet the current demand but also position STT GDC to capitalize on future growth opportunities in the Indian market 3.
Reference
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