NTT Data to continue investing $500 million annually in India

Global digital business and technology services provider NTT Data has announced an annual investment of $500 million in India. This is in addition to the $400 million already invested in submarine infrastructure.

The NTT Group invests over $3.6 billion each year in R&D. This means the company is investing as much as 13% of its global investment in India.

The business and technology consulting firm also announced that its Malaysia, India, Singapore Transit (MIST) submarine cable system will be commissioned by June 2025.

MIST is an 8,100-kilometre cable that can carry over 200 terabits per second (Tbps) of data. It is one of the largest cables in Asia and will connect Malaysia, India, Singapore and Thailand.

This is the company’s first cable system to establish direct connectivity to and from India. MIST was connected to its Mumbai landing station in February 2023 and its Chennai landing station in May of the same year.

The company also announced that its biggest data centre campus in India which can hold over 500 MW of power, when fully operational is now open. NTT Data which is the largest data centre provider in India operates two-thirds of these centres on renewable energy.

While no timeline has been shared so far, the company is planning to add 400 MW more capacity in the coming years.

"We are proud to accelerate India's digital future with the commissioning of MIST—the latest milestone in strengthening global digital highways that connect new markets and power AI innovation. We remain committed to expanding our presence and strategic investments in the country that will elevate India to one of our top five markets within the next three years," said Abhijit Dubey, CEO, NTT DATA, Inc.

“We will continue to…drive transformation across key industries such as banking, manufacturing and automotive,” Dubey added.

“Currently, India is one of our top 10 revenue-generating markets. We are investing $59 billion globally over 5 years from FY2023 to FY2027 into growth areas, including data centres and AI,” said Akira Shimada, President and CEO, NTT in a statement.

The company currently handles over 3000 clients in India. The business and technology consulting company serves 75% of the Fortune Global 100.