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ntt: NTT sees India market going past $1 ­billion mark soon

Japanese technology major NTT is increasing investments in India, after having committed over $4.5 billion to the region since 2020, global chief executive Abhijit Dubey said.

The company expects the India market to grow to $1billion soon, given the strong demand environment here.

“India is our eighth largest market globally. India generates over $500 million in revenue currently and we expect it to join the billion-dollar club in the near future,” Dubey said.

NTT Ltd. is a $10 billion infrastructure services and communications company which merged with NTT Data global business, in 2022, to create a global $18 billion IT services company. Dubey is the global chief executive of NTT Ltd, which is the conglomerate’s business outside Japan. The

IT services arm of the company also addresses several global clients from India, making it a strategic market from delivery as well as business perspective, he added.

The India operations comprise around 3.5% of global revenue for the company, Dubey said.

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With over 37,000 employees, India also houses the largest employee base for the company outside Japan out of a total headcount of 147,000.In 2019, the company said it would invest $2 billion over five years, and earlier this year it announced $2.5 billion worth of investments in Maharashtra alone.

“We had earlier announced $2 billion worth of investments in India. With the $2.5 billion invested in Maharashtra now, the rest of our investments in India will be north of that figure,”said NTT’s India managing director Sharad Sanghi said.

The data centre company plans to launch six new data centres in India by June, with almost 70% of the capacity already booked, he added.

The new data centres will be launched across Airoli and Mahape in Navi Mumbai, Bengaluru, Chennai and Noida, and will take the company’s capacity in India to 510 MW from 230 MW.

The company also sees strong demand for its IT services business from the India market across sectors like banking where it addresses a large number of clients.

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