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

Feb 27 (Reuters) - 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.

(Reporting ​by Sai Ishwarbharath B in Mumbai and Abhirami G in Bengaluru; Editing by Mrigank ‌Dhaniwala)

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