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Tata Communications is to invest over SGD 440 million (about Rs 1,600 crore) in infrastructure, network upgradation, managed services and control systems.
The investments, to be made over four years, would be made in Singapore where the company has been granted the official international headquarters status by the Economic Development Board of the State.
Addressing mediapersons here on Wednesday, Mr Subodh Bhargava, Chairman, Tata Communications, said 75 per cent of the company's revenue comes from overseas operations. On being conferred the status, he said the State offered an effective and conducive environment for development and the company had been a beneficiary since setting shop in 2004.
Mr Vinod Kumar, Managing Director and Chief Executive Officer, said Tata Communications had invested considerably in Singapore over the past few years, helping to not only support local job creation, but also to boost Singapore as a business destination for global businesses.
The company invested $180 million in a modern Singapore-based data centre in 2010. The data centre is expected to attract increasing number of companies routing and hosting their data.
The first public tele-presence room in the region was launched in Singapore in association with the Rendezvous Hotel Group in 2010.
“We've chosen to base our international headquarters in Singapore because it is truly a global city. Strong trade and investment has made it the most competitive Asian country today with a vibrant economy which has led to its growing business-hub status on the world map. We're here for the long term with strategically planned business investments that will benefit Singapore and its citizens.
“One of the many benefits of placing our international headquarters in Singapore is the access to its world-class technical and business expertise. We want to play a continued role in encouraging global innovation by employing the best local talent available, at all levels of the business,” concluded Mr Kumar.
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