Tata Communications will invest S$440 million ($355 million) in its business in Singapore, its international headquarters, over the next four years.
Speaking at the announcements of its official international HQ status in Singapore, MD and CEO Vinod Kumar told reporters that around 40% of the sum would go toward network and data center expansion, maintenance and upgrades, with the rest going toward the creation of new services.
The sum of S$440 million is expected to be disbursed at a rate of S$110 million per year. The company also plans to increase its workforce in Singapore by about 60% over the next four years, with a focus on local talent.
Kumar said Tata Communications’ Singapore operations currently employs 127 staff, and the drive for new hires will include collaboration schemes with local universities.
Staff additions will include 40 personnel for its global managed services control tower as well as personnel for its services development center. “Managed services are a big part of our future,” said Kumar, who added that the company now has 75% of its revenue come from outside of India, compared to its early days, where India constituted 98% of revenue.
Tata Communications invested in a $180 million data center in Singapore last year and banks on gaining customers who wish to route and host data out of Singapore. The company extended its InstaCompute cloud offering out of Singapore in March, in a bid to serve customers in neighboring countries.