ST Telemedia Global Data Centres (STT GDC) has announced an investment of $ 3.2 billion (Rs 260 billion) to expand its data centre capacity in India by 550 MW, nearly tripling its information technology (IT) load capacity to meet the demands of India’s digital economy over the next five or six years.
This 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 artificial intelligence (AI) applications.
Commenting on the announcement, Bruno Lopez, president and group chief executive officer, STT GDC, said, “As we celebrate STT GDC’s tenth anniversary this year, embarking on this ambitious expansion is a sign of our confidence in Digital India and future of one of STT GDC’s strategic and fastest growing markets globally. The Prime Minister’s vision for Digital India has paved the way for opportunity. Today, India digital economy’s growth rate of almost three times overall gross domestic product (GDP) growth is putting the country on pace to achieve a $ 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. We are excited about the opportunities ahead and are confident in our ability to contribute significantly to India’s digital transformation.”
