AirTrunk plans a massive $30 billion investment to build 5 gigawatts of data center capacity in India by 2030.

Synopsis AirTrunk plans a massive $30 billion investment to build 5 gigawatts of data center capacity in India by 2030. This significant investment aligns with India's digital infrastructure goals. The company's CEO met with Prime Minister Modi, highlighting India's favorable conditions for technology investment. This initiative will create numerous local jobs and attract substantial cloud and AI investment. AirTrunk, owned by Blackstone and Canada Pension Plan Investment Board, has announced a $30 billion investment to set up data centers in India with a 5 gigawatts capacity by 2030. With this announcement it could become one of the biggest investors in India’s digital infrastructure creation initiatives over the next few years. The announcement synchronized with the visit of AirTrunk’s founder and chief executive officer Robin Khuda’s visit to India during which he also met Prime Minister Modi. AirTrunk has acquired Lumina Cloudinfra in April which gave it a 600 megawatts data center development pipeline in cities such as Mumbai, Chennai and Hyderabad. "Capital is mobile, and India is creating the conditions for it to thrive. India is taking a top-down approach to AI with clear government-led initiatives, a world-class talent pool and massive availability of renewable energy,” said Robin Kuda, founder and chief executive officer, AirTrunk. Live Events The company has been “bullish” on India, he said. "Prime Minister Modi's vision for India's digital economy has helped create one of the world's most compelling destinations for technology investment. India has the scale, talent, and ambition required to become a global AI powerhouse. AirTrunk is excited to support that vision through long-term and transformative investment, infrastructure development, community programs and partnership." Digital infrastructure is becoming as important to economic growth as roads, ports and power networks were in previous generations, AirTrunk said in a release. The company said the investment in 5GW of new data centre capacity underpins significant local economic opportunities. “Each major project supports tens of thousands of local jobs supporting the development, construction, and operation while also attracting the cloud, AI, and technology investment that drives long-term productivity and economic growth.” India is planning to put up 10 gigawatts of data center capacity by 2030. Blackstone and Canada Pension Plan Investment Board acquired AirTrunk in 2024 (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. ...moreless (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. ...moreless

China's wholesale prices rose at the fastest pace in nearly four years in May.

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.

On June 9, 2026, the tech-heavy Nasdaq Composite plunged 2.17%, losing more than 560 points as AI and semiconductor stocks extended their sell-off.