ST Telemedia Global Data Centres Invests USD $3.2B in India to Add 550MW Data Centre Capacity

ST Telemedia Global Data Centres, one of the world’s fastest-growing data centre colocation services provider headquartered in Singapore, has announced a significant investment of USD $3.2 billion (INR 26,000 crores) to expand its data centre capacity in India by a substantial 550MW, nearly tripling the company’s IT load capacity to meet the demands of India’s thriving digital economy, over the next 5-6 years.

This strategic investment reflects ST Telemedia Global Data Centres’ confidence in India and the growth of its digital economy, as well as aligning with the burgeoning demand for digital infrastructure, driven by the surge in data consumption, cloud computing, digital transformation, and growing adoption of Artificial Intelligence applications. This investment also further solidifies the company’s market leadership in India, where it already commands about 28% of market share by revenue.

ST Telemedia Global Data Centres Expands Footprint and Presence as Data Centre Leader

ST Telemedia Global Data Centres India is majority-owned by ST Telemedia Global Data Centres in partnership with Tata Communications Ltd, which holds a minority stake in the company. ST Telemedia Global Data Centres India’s portfolio consists of 28 data centres across 10 cities throughout India. Today, its data centre portfolio has a total combined capacity of over 318MW of IT load, with a well-diversified portfolio of about 1,000 enterprise customers that include many Fortune 500 companies. More recently, it was recognised as a Great Place to Work for the fifth consecutive year, as well as one of the Best Places to Work in Asia.

“As we celebrate ST Telemedia Global Data Centres’ 10th anniversary this year, embarking on this ambitious expansion is a sign of our confidence in Digital India and the future of one of ST Telemedia Global Data Centres’ strategic and fastest-growing markets globally. Prime Minister Modi’s vision for Digital India has paved the way for opportunity; today the India digital economy’s growth rate of almost three times overall GDP growth is putting the country on pace to achieve a USD $1 trillion digital economy by 2027-2028,” said Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres.

He added: “At ST Telemedia Global Data Centres, 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.”

The colocation service provider, along with several other Singapore business leaders, participated in a Business Roundtable with Prime Minister Narendra Modi hosted by the Singapore Business Federation on 5 September 2024