Japanese Tech Giant NTT Data Plans Major Hiring Expansion in India

Technology company NTT Data announced plans to hire 5,000 new employees in India this year across programming, consulting and IT support roles. The Japanese firm is also investing $1.5 billion to build four new data centers in the country as part of its expansion strategy.

A major Japanese technology company announced Tuesday it will significantly expand its workforce in India by adding 5,000 new positions throughout 2024.

NTT Data, owned by telecommunications giant NTT Group, will fill these roles across multiple areas including software development, business consulting, and information technology support services, according to company leadership.

Sudhir Chaturvedi, who serves as the company’s chief growth officer and North America CEO, revealed that major technology contracts worth over $100 million have seen a twofold increase during the past year. These lucrative deals are coming from the manufacturing sector, logistics companies, and government agencies.

“North America is back to growth, and we expect strong growth next financial year,” Chaturvedi stated.

The technology firm is simultaneously developing four new data centers throughout India as part of a massive $1.5 billion investment initiative. The company already maintains a workforce of 40,000 employees in the country.

This expansion reflects a broader trend of international and domestic companies working to increase their data center infrastructure in India, which ranks as Asia’s third-largest economy.

Despite India storing 20% of global data, the nation currently maintains less than 6% of worldwide data center capacity, according to research from ratings agency ICRA. This gap makes the sector particularly appealing for investment opportunities. India’s government has sweetened the deal by offering tax breaks to foreign companies that utilize domestic data centers.

Chaturvedi projected that client technology spending will increase between 7% and 9% this year, driven by investments extending beyond artificial intelligence. This represents growth from the 6% to 7% increase seen in the previous year.