AirTrunk to invest $30B in Indian data centers by 2030

Key facts

• AirTrunk will invest $30 billion in India by 2030.
• The investment aims to build 5 gigawatts of new data center capacity.
• AirTrunk acquired Lumina CloudInfra in April to enter the Indian market.
• CEO Robin Khuda met with Indian Prime Minister Narendra Modi.
• India offers tax breaks for foreign firms operating data centers.

Australian data center provider AirTrunk announced a substantial investment of $30 billion in India, aiming to construct 5 gigawatts of new data center capacity within the next four years. The company, backed by Blackstone and the Canadian Pension Plan Investment Board, entered the Indian market in April through its acquisition of Lumina CloudInfra. AirTrunk's existing Indian development pipeline includes 600 megawatts of capacity projects in Mumbai, Chennai, and Hyderabad, which will be expanded with this new investment. CEO Robin Khuda, who met with Indian Prime Minister Narendra Modi, stated that India is considered one of the company's most significant long-term investment destinations. Khuda emphasized a strong sense of urgency regarding AI investment, recognizing it as a global race where capital flows to prepared competitors. India is becoming a hotspot for AI development, offering tax breaks to foreign firms operating from domestic data centers. Major Indian conglomerates like Reliance and Adani are also significantly increasing their investments in AI and data infrastructure.