Tata Consultancy Services (TCS) has drawn up a $6.5 billion capital expenditure plan that goes beyond simply setting aside risk capital, Times of India reported. The move marks a deeper push to build long-term digital capabilities and potentially guard against what experts call “tech colonisation”. As India’s digital infrastructure demand surges, companies are turning to private capital to fund new capacity and build resilience in their technology networks.
The recent boom in AI technologies, which require vast amounts of computing data, has led to an unprecedented growth in data centers globally as well as in India.
TCS CEO K Krithivasan said the company aims to become “the world’s largest AI-led services company.” He said the initiative carries “a strong India angle, alongside global opportunities with our existing clients.” On funding, Krithivasan said it would be “a mix of equity and debt.” He added, “On the equity side, we've partnered with a financial investor, giving us the flexibility and control to shape our growth path and decide who we work with—resulting in a stronger and more strategic business modal.
A report by Barclays projected that India could attract about $19 billion in data centre investments by 2030, up from $12 billion last year.
Experts predict that following TCS' footsteps, a consortium of cash-rich companies will invest in building India’s much-needed compute, AI, cloud, and cyber infrastructure—and benefit from it—rather than leaving this critical task largely to the government.
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