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.
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STT GDC India Market Position
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.
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Current Portfolio
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.
