This strategic funding displays STT GDC’s confidence in India and the expansion of its digital economic system, in addition to aligning with the burgeoning demand for digital infrastructure, pushed by the surge in information consumption, cloud computing, digital transformation, and rising adoption of AI purposes. This funding additionally additional solidifies our market management in India, the place we already command about 28% of market share by income.
STT GDC India is majority-owned by STT GDC in partnership with Tata Communications Ltd, which holds a minority stake within the firm. STT GDC India’s portfolio consists of 28 information centres throughout 10 cities all through India. Right now, its information centre portfolio has a complete mixed capability of over 318MW of IT load, with a well-diversified portfolio of about 1,000 enterprise clients that embody many Fortune 500 firms. Extra just lately, STT GDC India was recognised as a Nice Place to Work for the fifth consecutive 12 months, in addition to one of many Greatest Locations to Work in Asia.
“As we rejoice STT GDC’s tenth anniversary this 12 months, embarking on this bold growth is an indication of our confidence in Digital India and the way forward for considered one of STT GDC’s strategic and quickest rising markets globally. Prime Minister Modi’s imaginative and prescient for Digital India has paved the best way for alternative; at present the India digital economic system’s progress fee of virtually thrice total GDP progress is placing the nation on tempo to attain a US$1 trillion digital economic system by 2027-2028[1]. At STT GDC, we wish to play an energetic position in co-investing and contributing to India’s long-term success by investing within the foundational digital infrastructure that may assist additional speed up Digital India. We’re excited in regards to the alternatives forward and are assured in our capability to contribute considerably to India’s digital transformation,” stated Bruno Lopez, President and Group Chief Government Officer, ST Telemedia World Knowledge Centres.
STT GDC, together with a number of different Singapore enterprise leaders, participated in a Enterprise Roundtable with Prime Minister Narendra Modi hosted by the Singapore Enterprise Federation on 5 September 2024.
