India, March 18 -- Japanese IT and business services giant NTT Data has pledged to invest $500 Mn in India over the next year or so as part of its plans to boost data centre capabilities in the country amid growing demand for cloud computing and AI.

NTT Data is India's largest data centre provider and third-largest globally. Since 2007, it has invested more than $3 Bn in the Indian market.

With India emerging as a significant revenue driver, NTT Data's India chief Avinash Joshi said the company has earmarked an investment of $500 Mn over the next 12-18 months in growth areas, including data centres and AI, The Hindu Businessline reported.

A portion of the capital will also be deployed to meet the financial sector's growing demand for s...