October 24, 2022 Approval for JICT's Decision on Project Support

The Minister for Internal Affairs and Communications has today approved an application from Fund Corporation for the Overseas Development of Japan's ICT and Postal Services Inc. (headed by OSHIMA Amane, President & CEO) to decide support for the project to develop and operate a data center in India.

1. Background

Fund Corporation for the Overseas Development of Japan's ICT and Postal Services Inc. (JICT) submitted an application to the Minister for Internal Affairs and Communications based on the provisions of Article 25, Paragraph 2 of the Act on the Fund Corporation for the Overseas Development of Japan's ICT and Postal Services (Act No. 35 of 2015). This application is to seek approval for JICT's decision to support the project to develop and operate a data center in India (the "target project").
In response to the application, the Minister examined the content of the support and the target project according to the support standards for the Fund Corporation for the Overseas Development of Japan's ICT and Postal Services (MIC Notice No. 412 of 2015) and has confirmed that the project meets the support standards. Accordingly, the Minister has today approved the application as requested.

2. Target project

JICT, together with NTT Global Data Centers Holding Asia Pte. Ltd and Tokyo Century Corporation, will participate in the project to construct, develop and operate a data center in India, and will invest up to 86 million US dollars (approx. 12.5 billion yen^*) in the project.

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  Based on a rate of US$1 = 145 yen

JICT's participation in the data center project, which will require huge and long-term capital investment, will contribute to acceleration of overseas business expansion of Japanese companies that have skills and know-how in developing and operating a data center.

Outline

• Target project: Project to develop and operate a data center
• Country: India
• Approved amount of support by JICT: 86 million US dollars at the maximum
• Joint investors: NTT Global Data Centers Holding Asia Pte. Ltd and Tokyo Century Corporation

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  The published material is in Japanese only.