TCS Ventures into Data Centre Sector with $6.5 Billion Investment
TCS has announced a $6.5 billion plan to build 1 GW of data centre capacity in India, targeting AI providers and government entities. The project will be funded through equity and debt, with initial revenues expected in 18-24 months. This move comes amid growing demands for data localisation.
- Country:
- India
Tata Consultancy Services (TCS) has unveiled an ambitious $6.5 billion plan to penetrate the data centre market, promising to establish up to 1 gigawatt (GW) of capacity across India.
The comprehensive project will see TCS collaborating with financial investors for partial equity investment, alongside leveraging debt for substantial funding.
Chief Executive K Krithivasan outlined the phased approach during an investor call, aligning the capacity expansion with TCS's strategic interest in catering to AI providers and the government sector amidst burgeoning data localisation needs.
(With inputs from agencies.)
- READ MORE ON:
- TCS
- data centre
- investment
- India
- AI providers
- equity
- debt
- Mukesh Ambani
- Krithivasan
- data localisation
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