AirTrunk Announces $30 Billion Investment in India by 2030 for AI Data Center Development

AirTrunk Announces $30 Billion Investment in India by 2030 for AI Data Center Development
AirTrunk, a data center firm supported by Blackstone and the Canada Pension Plan Investment Board (CPPIB), intends to invest over $30 billion (₹3 lakh crore) to establish more than 5GW of data center capacity in India by 2030.

The company states that this proposed initiative ranks among the largest digital infrastructure projects being considered in India and will encompass several states and union territories.

Prime Minister Narendra Modi expressed his support for the announcement in a post on X, noting it as one of the most significant proposed investments in India’s digital infrastructure ecosystem.

“India’s digital infrastructure journey is gathering remarkable momentum. AirTrunk has announced plans to invest around ₹3 lakh crore in India and develop 5GW of data centre capacity. This is among the largest proposed investments in the country’s digital infrastructure ecosystem,” Modi stated.

This announcement followed the visit of AirTrunk Founder and CEO Robin Khuda, who engaged with the government during his first visit to India since the company entered the market through the acquisition of Lumina CloudInfra in April 2026. The acquisition provided AirTrunk with a 600MW development pipeline in Mumbai, Chennai, and Hyderabad.

In a special interview with CNBC-TV18, Khuda remarked that the magnitude of the proposed investment reflects AirTrunk’s long-term confidence in India’s growth potential and ambitions in artificial intelligence.

“We’re not just investing in where India stands today; we’re investing in where India will be in a decade. Few markets possess India’s unique blend of scale, talent, energy potential, and digital aspirations. The scale of our investment mirrors the strength of our belief,” Khuda noted.

“The better we understand India, the more significant we believe the opportunity is. When there’s robust demand, supportive policies, and a government that facilitates investment, long-term capital becomes comfortable committing for the long haul. This is a long-term prospect: we envision India as a foundational market in the global AI economy.”

During his visit, Khuda engaged with federal officials and state ministers in Maharashtra and Andhra Pradesh. The talks centered on the necessary conditions to foster AI-driven growth, such as reliable and affordable power, renewable energy, water availability, streamlined approvals, and enhanced collaboration between state and federal governments on infrastructure projects.

“Capital is fluid, and India is creating the environment for it to flourish,” Khuda stated. “India is taking a top-down approach to AI with clear government-led initiatives, a world-class talent pool, and abundant renewable energy. We were optimistic about India before our entry via Lumina.”

“Following our discussions with government leaders this week, we’re looking to reinforce that commitment. We received a clear message that India is open for investments and determined to compete for the next generation of AI and cloud infrastructure that will revolutionize India’s industries and economy for future generations.”

India’s efforts to attract cloud and AI investments are reinforced by the IndiaAI Mission, which has a financial allocation exceeding ₹10,000 crore, and the India Semiconductor Mission, supported with ₹76,000 crore.

“Prime Minister Modi’s vision for India’s digital economy has positioned the country as one of the world’s most attractive destinations for technology investments,” Khuda remarked.

“India has the scale, talent, and ambition needed to emerge as a global AI powerhouse. AirTrunk is eager to support that vision through transformative investments, infrastructure development, community programs, and partnerships.”

The anticipated 5GW expansion is expected to generate tens of thousands of jobs across development, construction, and operations while promoting supply-chain localization and deeper engagement with domestic enterprises.

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