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Sify to invest Rs.500 crore in India

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CIOL Bureau
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MUMBAI, INDIA:  Sify Technologies Limited revealed major investments plans for Indian market over the next few years.

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“We had invested around Rs.400-500 crore around 2-3 years back and are planning to invest same amount of funds in the coming 2-3 years. These funds will be used for expansion of networks, data centers, providing cloud and managed services through our partners,” Raju Vegesna, Sify Technologies CEO and MD to CyberMedia News on the sidelines of company's undersea cable landing station announcement.

The NASDAQ Global Markets listed firm said it will ramp up its base stations over the next two years.

“We have 1500 base stations located across India and we plan to double that number over the next 12-18 months. It will expand our reach within India for data networks,” he said. 

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Sify has announced that its undersea cable landing station located at Versova in Mumbai is  ready for operations. With this new landing station Sify is looking to partner with telecom service providers and aiming to playing a key role in providing data communication and managed services in the region of Middle East, Gulf, Africa and Asia Pacific.

According to Vegesna, Sify's first chapter was started as internet service provider back in late '90s, followed by the entry into enterprise as its second chapter.

However, now Sify is into its third chapter where the company is going into the information communication and technology (ICT) space and it is no longer a telecom services company,  he said.  

The company's landing station has already got two clients — Gulf Bridge International (GBI), which is the first to land its sub-sea cable system in India, and the Orascom Telecom Company's subsidiary Middle East & North Africa Submarine Cable Systems (MENA) based in Egypt. MENA signed a landing party agreement (LPA) with Sify today.  

However, the Chennai headquatered firm didn't disclose any financial detials of the new undersea cable landing station.

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