🧔♂️ A friendly human may check it before it goes live. More news here
NTT Data plans 5,000 hires, new data centers in India
NTT Data, a Japanese IT services company, plans to add 5,000 employees in India this year across software, consulting, and IT support roles, Sudhir Chaturvedi, CEO of North America and chief growth officer, told Reuters.
The company, a subsidiary of NTT Group, currently employs about 40,000 in India and is building out four data centers as part of a US$1.5 billion investment.
According to ratings agency ICRA, India hosts 20% of the world’s data but has less than 6% of global data center capacity.
Global and local firms are increasingly looking to boost data center capacity in India.
The government has granted a tax holiday for foreign companies using local data centers, Reuters reported.
Chaturvedi also noted that client technology budgets are expected to grow 7% to 9% this year, driven by investments beyond AI, compared to 6% to 7% last year.
🔗 Source: Reuters
🧠 Food for thought
Implications, context, and why it matters.
A $1.5 billion India investment targets more data center capacity
- The company plans to spend US$1.5 billion in India to build four data centers and increase capacity.
- Ratings agency ICRA reports India holds 20% of the world’s data but has less than 6% of global data center capacity.
- International and Indian firms are ramping up efforts to add more data center space in the country.
- The Indian government has granted a tax holiday for foreign companies that use local data centers.
Hiring plans follow demand for software, consulting, IT support, and AI
- NTT Data expects to hire 5,000 employees in India this year for software, consulting, and IT support roles, according to Sudhir Chaturvedi, CEO of North America and chief growth officer.
- Chaturvedi expects client technology budgets to rise 7% to 9% this year, with spending spread beyond AI; last year growth ran 6% to 7%.
Recent NTT Data developments
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.