NTT Data to boost India headcount by 5,000 this year, exec says

Japanese technology firm NTT Data plans ​to raise its India ​headcount by 5,000 employees this year ​across software programming, consulting and IT support, a senior executive told Reuters.

Large IT contracts of more than $100 million ‌have doubled ⁠in ⁠the last 12 months, with deals stemming from manufacturing, ​logistics and public sector, Sudhir Chaturvedi, chief growth officer and ​CEO of North America, said on Tuesday. "North America is back to growth, and we expect ​strong growth next financial year."

The ⁠company, a ‌subsidiary of telecom giant NTT Group, ​is ​building out four data centers in ⁠India as part of a $1.5 billion investment ​and currently employs 40,000 in the country.


Global ​and local firms are increasingly looking to boost data center capacities in Asia's third-largest economy.

India hosts 20% of the world's data but has less than 6% of global data ‌center capacity, according to ratings agency ICRA, making investments in the sector an attractive bet. The government ⁠has granted a tax holiday for foreign companies using local data centers.

Chaturvedi said clients' tech budgets are ​expected to rise 7% to 9% this year on account of investments beyond AI compared to 6% to 7% last year.