Blackstone-backed Australian data center operator AirTrunk announced a $30 billion investment in India by 2030 to develop 5 gigawatts of new data center capacity. The company entered India earlier this year through the acquisition of Lumina CloudInfra.
AirTrunk is planning a 3GW data center at Raigad Pen Growth Center in Maharashtra involving an investment of about ₹2 trillion (around $21 billion), and has a development pipeline of about 600MW across Mumbai, Chennai and Hyderabad. The announcement followed a meeting between AirTrunk CEO Robin Khuda and Prime Minister Narendra Modi.
India's data center capacity is projected to rise to as much as 8GW by 2030 from about 1.5GW today, according to research firm Bernstein. The Indian government has offered foreign cloud providers tax exemptions through 2047 on services sold overseas if workloads are run from Indian data centers.
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