New Delhi, June 23 -- NTT Global Data Centers & Cloud Infrastructure India Pvt. Ltd, a wholly owned subsidiary of Japan's telecom firm Nippon Telegraph and Telephone Corporation (NTT), which is involved in the development and operations of carrier-neutral multi-tenanted data centres, may rope in an offshore investor for an Indian data centre unit, VCCircle has learned.
The Indian venture, which has a portfolio of 21 data centres across the country, may soon receive fresh commitments from the International Finance Corporation (IFC), the private investment arm of the World Bank Group.
IFC is proposing to invest up to Rs 1,278.3 crore (around $135 million) from its own account and mobilise another Rs 852.2 crore (nearly $90 million) from other lenders, taking the total financing package to around Rs 2,130 crore.
The capital will be used to support the development of new data centres on NTT's existing brownfield campuses in India, which are currently at various stages of planning and construction.
The proposed financing will also help refinance a portion of the company's existing borrowings with longer-tenor debt, improving the maturity profile of its liabilities, according to an IFC disclosure.
IFC said its involvement will help the company diversify its lender base while securing long-term fixed-rate financing amid rising demand for data hosting infrastructure in India.
NTT Global Data Centers & Cloud Infrastructure India is a step-down subsidiary of Tokyo-listed NTT Corporation, one of the world's largest telecommunications and technology services companies.
Established in 1952, NTT operates across more than 50 countries and provides services spanning telecommunications, data centres, cloud infrastructure, managed services, cybersecurity and digital transformation solutions.
The Indian unit is among the country's largest data centre operators, with a portfolio of 21 facilities across major cities. Out of the 21 data centres, 16 are already operational with a capacity of 237 MW. The other five data centres, which are expected to have a capacity of 105 MW, are under construction.
The company has been expanding capacity amid growing demand from hyperscalers, enterprises and artificial intelligence-driven workloads, which are fuelling investments in data storage and cloud infrastructure across India.
IFC said the project is expected to increase access to data hosting services for businesses, support the rollout of digital services and enhance capacity in India's fast growing data centre market.
Meanwhile, NTT has also committed substantial fresh capital to India.
Last year, the company was reported to be planning to invest about $1.5 billion to add nearly 400 MW of additional data centre capacity over three years. The investment is part of a broader strategy to capitalise on India's rapidly expanding cloud, data storage and AI infrastructure market.
The company has also been expanding its physical footprint through acquisitions. In 2025, NTT acquired land parcels and an IT park in Mumbai for about Rs 855 crore to support future data centre and cloud infrastructure development, underlining its long-term commitment to the Indian market.
Published by HT Digital Content Services with permission from VC Circle.