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 centre 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 in investment is expected from U.S. tech giants this year, as India offers tax breaks to 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.
Reuters
