Thailand has approved 90.9 billion baht ($2.7 billion) worth of investments in data centres and cloud services, its investment board said on Monday, the latest additions to the country's expanding tech sector.

NTT Data IT and business services company will investment $500 million in India over the next 12-18 months for accelerated AI platforms, growing data centre bandwidth, sub-sea cable expansion and to address financial sector’s demand for sovereign cloud.

The number of devices connected to the internet in each household is expected to double by 2023, fuelling a big rollout in data centres.

Thailand approved investment applications worth a combined 200 billion baht ($5.9 billion), led by a Bangkok transit line and three data centres, giving a potential boost to the nation's lacklustre economic growth.