(Illustration: Rahul Awasthi/ETtech)
Mumbai: Japan’s NTT Corp., NTT Global Data Centers Corp. and Tokyo Century Corp. are expanding their Indian data centres business to the Navi Mumbai area.
NTT is investing in the data centre business to support core infra that is the foundation for its full-stack global strategy. In the data centre business, where demand will continue to grow worldwide, NTT aims to provide high-quality services to global companies by maximising investment efficiency and accelerating data center business investments.
As part of this deal, the companies had announced that NTT Global Data Centers Holding Asia Pte. Ltd. (GDC HC) will divest 75% of its shares in NTT Global Data Centers Holding Asia BOM8 Pte. Ltd (SPV) to Tokyo Century. They will jointly own assets related to the data center business owned by NTT Global Data Centers NAV2 Pvt. Ltd. (NAV2) through an intermediate holding company (SPV) which will be newly established in Singapore.
In August 2021, Tokyo Century commenced operations of a data centre in Mumbai as its first collaborative project with NTT GDC. NTT GDC and Tokyo Century have decided to jointly operate NAV2 and construct the first two buildings while visioning 13 data centers at the maximum on this campus.
Tokyo Century signed a capital and business alliance with NTT in February 2020 and has since sought to fulfil its role as a corporate partner in promoting the business strategies of the NTT Group by developing financial services that integrate the three spheres of ‘Finance X Services X Business Expertise”.
The data centre market in India is expected to grow rapidly due to the increase of data traffic volume with AI and data analytics. Both companies aim to contribute to the development of the digital infrastructure in India and the realisation of a sustainable society.
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