Joining an increasing number of Indian businesses hoping to capitalize on the surge in demand for business process-led services and artificial intelligence in the nation, Anant Raj Ltd. aims to invest 180 billion rupees ($2.1 billion) in data centers.

The $2.3 billion Delhi-based company plans to open two more server farms or data centers in the northern Indian state of Haryana.

According to Amit Sarin, managing director of Anant Raj, this is on top of the one that is currently in use and is aiming for a capacity of little over 300 megawatts by 2032.

According to a 2025 estimate by real estate consultant JLL, India's data center capacity is expected to increase by 77 percent to 1.8 gigawatts during the following four years.

Anant Raj's action comes after Adani Group and Reliance Industries Ltd., two of India's leading corporations, made bold intentions to increase their market share.

Barclays Plc's prediction that the South Asian country will greatly benefit from the data center investment boom in Asia, which is being driven by digitization and regulations mandating that data be kept domestically, highlights the trend.

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Not far behind are smaller businesses. Panchshil Realty is thinking of collaborating with Blackstone Inc. to construct a sizable data center in Mumbai, while Bengaluru-based RMZ Corp. is investing $1.7 billion in two data centers.

According to Sarin, data centers will account for almost 40 percent of Anant Raj's revenue in the next four years, up from five percent currently. Last year, the company partnered with Orange Business, a French IT company, to offer cloud services and data centers to its customers.

In addition to outlining plans to treble its data center capacity in India over the next years, Japan's NTT Data revealed early this year that its eagerly anticipated Malaysia, India, Singapore Transit (MIST) subsea cable connection will be put into service by June.

Connecting Malaysia, India, Singapore, and Thailand, the 8,100-kilometer MIST cable has 12 fiber pairs with a design capacity of more than 200 Tbps. A joint venture between NTT, the Fund Corporation for the Overseas Development of Japan's ICT and Postal Services Inc. (JICT), and WEN Capital, Orient Link (OLL) is the owner of the cable.

Since 2019, when NTT first announced the project as part of its plan to connect its data centers in India, Singapore, and Myanmar, MIST has been under development. In 2020, NEC was hired to construct the cable. In the first quarter of FY2022, the cable was supposed to be operational.

With two landing places for the MIST cable—one in Chennai and the other in Mumbai—NTT Data's MIST update coincided with a larger announcement of its intentions to invest in AI and infrastructure in India. In 2023, NEC linked the cable to both landing stations.

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With a combined IT load capacity of 290MW, NTT Data presently operates 21 data centers in Bengaluru, Chennai, Mumbai, and Delhi NCR. According to the report, the corporation plans to increase that to 30 data centers with a total capacity of 700MW by 2027.

Additionally, NTT Data announced that it is connecting its data centers in Mumbai by utilizing its Innovative Optical and Wireless Network (IOWN), which is its next-generation all-photonics network (APN) technology. According to the corporation, the IOWN offers more cost-effective data transfer with improved performance. In order to satisfy the demand for AI-driven global data volumes, NTT Data intends to market the technology to other organizations worldwide by 2030.