India's Tata Communications, a leading provider of a communication infrastructure, has revealed its USD 430 million strategic investment plan for Asia Pacific (APAC) region.

The investments include developing the Tata Communications Exchange, a new world-class Internet Data Center (IDC), and the completion of the main segment of its TGN-Intra Asia Cable System.

It may be noted that, these investments are key part of the company's $2 billion expansion plan over three years to enhance its global infrastructure.

The Tata Communications Exchange is being developed in partnership with Mapletree Industrial Fund, a pan-Asian industrial fund managed by Mapletree Industrial Fund Management. The new data centre would provide increased capacity for both domestic and international companies, allowing them to realize cost and resource efficiencies in addition to achieving greater service availability and performance.

According to sources, Tata Communications Exchange would be based in Singapore and would be ready for operation in early 2010.

The scrip of Tata Communications offered a lukewarm response to the latest news and surged to Rs 447 during intraday trading, but latter settled the day at Rs 435 on BSE, down 2% compared to previous close of Rs 442.