Blackstone, CPPIB-Backed AirTrunk to Invest Over $30 Billion in India's Data Centres by 2030

AirTrunk Commits to $30 Billion Investment in India by 2030

Mumbai: AirTrunk, a leading hyperscale data centre specialist backed by Blackstone and Canada Pension Plan Investment Board (CPPIB), has announced plans to invest more than $30 billion in India by 2030 to expand digital infrastructure capacity. This ambitious programme aims to position India as the cornerstone of AirTrunk's global growth strategy, as stated in a recent company statement.

The investment, which would rank among the largest digital infrastructure bets currently on the table in India, marks one of AirTrunk's most significant long-term market commitments. The programme will span multiple states, supporting India's push to become a global hub for AI and cloud investment, while generating jobs and economic growth.

AirTrunk is well-capitalized to fund the development of hyperscale data centres across regions, including its sustainable financing platform. The company's growing data centre platform delivers customers a scalable data centre solution at a significantly lower build and operating cost than the market.

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AirTrunk's Investment Pipeline

The privately held company's existing development pipeline in India includes 600MW across Mumbai, Chennai, and Hyderabad. This investment follows AirTrunk's acquisition of Lumina CloudInfra in April, which marked the company's entry into the Indian market.

AirTrunk's CEO, Robin Khuda, has been engaged in senior government discussions in India since the company's entry into the market. During his visit, he met with government representatives and ministers in Maharashtra and Andhra Pradesh to discuss how government and industry can work together to accelerate investment in cloud and AI infrastructure.

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The discussions focused on key areas such as power access, clean energy, water availability, talent pipelines, faster approvals, and improved coordination between the state and Union governments on infrastructure. AirTrunk's investment in 5GW of new data centre capacity underpins significant local economic opportunities, including tens of thousands of local jobs in development, construction, and operation, as well as attracting cloud, AI, and technology investment that drives long-term productivity and economic growth.

AirTrunk's commitment to India is a testament to the country's growing importance in the global digital landscape. With its favourable business environment, world-class talent pool, and massive availability of renewable energy, India is creating the conditions for investment to thrive.