Ricoh Planning To Invest Rs 300 Crore In Indian Data Center’s

Imaging solutions and IT services provider Ricoh India Ltd is planning to set up a data centre and business zones in India with an investment of around Rs 300 crore in the next two years. The company, which has been growing at around 50 per cent in the past few years, continues to evaluate possibilities of setting up more manufacturing facilities in the country, said Manoj Kumar, managing director and chief executive officer of Ricoh India Ltd.

The company, which currently has one data centre each in Kolkata and Delhi, is looking at its capacity in the Kolkata data centre and setting up a new data centre in Gandhi Nagar, Gujarat, as part of the plans. It would also set up a few business zones in the country, under the Rs 300 crore expansion plan, he said.

Currently, Ricoh India has two data centres – one each in New Delhi and Kolkata. To a query, he said, the company would meet the Rs 300 crore proposed investments through a mix of internal accruals, debt and support from parent company Ricoh Group.

The funds would be from internal accruals, borrowings and from the parent company. Ricoh India is a subsidiary of Japan-based global technology company Ricoh, which is specialising in office imaging equipment, production print solutions, document management systems and IT services. The Ricoh Group had worldwide sales of $18.5 billion by the end of March 2015.

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