Japanese telecommunications major Nippon Telegraph and Telephone Corporation (NTT) is betting big on India’s growth as it consolidates its data center and information technology (IT) services portfolio within India. The Japanese technology major is on course to hit India’s $ 1 billion revenue mark.
The company recently raised its India bets by announcing an investment of $2.5 billion in Maharashtra over the next five years. With this, the total investment by the company touched $4.5 billion.
According to Avinash Joshi, India CEO, NTT Ltd,” For IT services, we serve nearly 3,000 clients in India. In banking and financial services (BFSI), we manage nearly 40% of all branches of the banking industry in the country. Our data center presence is substantial, with about 16 of them already operational. We will almost double this capacity by March 2024. We also offer on-cloud cyber security services, as part of our offerings in India”.
Nippon Telegraph and Telegram Ltd has revealed its plans to consolidate all subsidiaries into a single organization. The company is committed that by 2030, all its data center energy consumption will come from renewable sources.NTT has also set a goal of becoming the leader in the 5G revolution in India.
