AirTrunk to invest $21 billion in India data centre

Economic Times - Australia's AirTrunk has signed a letter of intent for land allotment in India's western state of Maharashtra for a data centre where it will ‌invest $21.05 billion, ⁠the ⁠state's chief minister said in a post on X.

The ​data center will be located in the Raigad Penn Growth Centre, ​which lies on ⁠the outskirts ‌of the financial capital ​Mumbai, ​and will have 3 ⁠GW capacity

AirTrunk is backed by ​U.S.-based investment firm Blackstone

The firm has data centres in Hong Kong, Japan, Malaysia and Singapore

More than $630 billion worth of investments are expected from ‌US tech giants this year as India is offering ​tax breaks ​for ⁠foreign firms operating from domestic data centres

India's biggest conglomerates are also stepping up a push into AI and data infrastructure with Reliance and Adani committing about $110 billion and $100 billion, respectively, in February.