NTT Corporation announce expansion of their data center business collaboration in India to the Navi Mumbai area. They will jointly own assets related to the data center business owned by NTT Global Data Centers NAV2 Private Limited (NAV2) through an intermediate holding company (SPV) which will be newly established in Singapore.
In response to the growing global demand for data centers, NTT is investing in the data center business to support core infrastructure that is the foundation for NTT’s full-stack global strategy.
Tokyo Century signed a capital and business alliance with NTT in February 2020 and has since sought to fulfil its role as a corporate partner in promoting the business strategies of the NTT Group by developing financial services that integrate the three spheres of “Finance × Services × Business Expertise.” In August 2021, Tokyo Century commenced operatations of a data center in Mumbai, India as its first collaborative project with NTT GDC.
NTT GDC and Tokyo Century have decided to jointly operate NAV2 and construct first two buildings while visioning 13 data centers at the maximum on this campus. The data center market in India is expected to grow rapidly due to the increase of data traffic volume with AI and data analytics. Combining respective strengths and capabilities, both companies aim to contribute to the development of the digital infrastructure in India and the realisation of a sustainable society.