Singaporean company ST Telemedia Global Data Centres (STT GDC) has invested US$3.2 billion ($4.8 billion) to expand its data centre capacity in India by 550MW, tripling the IT load capacity to meet the demands of India’s economy over the next five to six years.
STT GDC says the investment reflects confidence in India’s economy as well as demand for digital infrastructure, driven by the surge in data consumption, cloud computing, digital transformation, and growing adoption of AI applications.
“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 2027-2028,” said STT GDC group CEO and president Bruno Lopez.
STT GDC claims the investment solidifies its leadership in India where it has a command of about 28% of market share by revenue.
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STT GDC India is majority-owned by STT GDC in partnership with Tata Communications, which holds a minority stake in the company.
Its 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.
Previously, STT GDC inaugurated its third data centre campus in India earlier this year.
In April 2024, it was reported India led growth in the APAC region’s data centre market with many hyperscalers choosing to invest in the country.