A major Australian data center company revealed plans Friday to pour $30 billion into India’s technology infrastructure over the coming four years, targeting the construction of 5 gigawatts worth of new data center facilities across the South Asian country.
AirTrunk, which operates from Sydney and receives financial backing from Blackstone and Canadian Pension Plan Investment Board, made its entry into India’s market this past April through acquiring Lumina CloudInfra.
The company currently has 600 megawatts worth of capacity projects in development across Mumbai, Chennai and Hyderabad, but plans to significantly expand this portfolio through the massive new investment commitment.
Following a Friday meeting with Prime Minister Narendra Modi, Chief Executive Robin Khuda described India as among the Australian firm’s most important long-term investment targets.
“One of the strongest messages we took away from this week was a genuine sense of urgency. There is a recognition that AI investment is a global race and that capital will flow to places that are prepared to compete for it,” Khuda said.
“Every market has strengths and challenges. What investors consistently look for is certainty, coordination and speed.”
India has positioned itself as an attractive destination for artificial intelligence development by providing tax incentives to international companies that operate through local data centers.
Major Indian business groups are also ramping up their technology infrastructure investments, with Reliance and Adani announcing commitments of approximately $110 billion and $100 billion respectively in February.
