AirTrunk Plans US$30 Billion Data Center Investment Across India by 2030

June 5, 2026 — Blackstone-backed AirTrunk has announced plans to invest more than INR 3,000 billion (US$30 billion) in digital infrastructure across India by 2030, in what the company described as one of the largest digital infrastructure initiatives currently being considered in the country. The proposed program targets more than 5 gigawatts of data center capacity across multiple states and union territories, positioning India as a cornerstone of AirTrunk's global growth strategy.

Acquisition Anchors India Entry

The announcement follows AirTrunk's acquisition of Lumina CloudInfra in April 2026, which gave the company an immediate development pipeline of 600 megawatts across three major Indian metros: Mumbai, Chennai, and Hyderabad. That transaction marked AirTrunk's formal entry into the Indian market.

AirTrunk is backed by Blackstone — described by the company as one of the largest foreign investors in India — and CPP Investments (CPPIB). The proposed US$30 billion investment program would rank among the largest digital infrastructure initiatives currently under consideration in India.

Government Engagement in Maharashtra and Andhra Pradesh

The investment announcement follows a senior government engagement program conducted by AirTrunk Founder and Chief Executive Officer Robin Khuda. During the visit, Khuda met with federal 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.

Those discussions focused on the infrastructure, energy, and policy settings required to support AI-driven growth, including access to reliable and cost-effective power, renewable energy, sustainable water supply, talent development, streamlined approvals processes, and greater coordination between state and federal governments on strategic infrastructure projects.

"Capital is mobile, and India is creating the conditions for it to thrive," Khuda said. "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. We were bullish on India before entering the market through Lumina. Following our discussions with government leaders this week, we're looking to double down on that commitment. We heard a clear message that India is open for investment and determined to compete for the next generation of AI and cloud infrastructure that will transform India's industries and economy for generations to come."

Economic Impact and Job Creation

AirTrunk said investment in 5 gigawatts of new data center capacity underpins significant local economic opportunities. Each major project supports tens of thousands of local jobs, enabling the development, construction, and operation of facilities, while also attracting cloud, AI, and technology investment that drives long-term productivity and economic growth. The company noted that this impact extends beyond individual project boundaries through the localization of supply chain operations and engagement with local businesses.

AirTrunk also shared insights from markets across Asia Pacific, where clear investment frameworks, competitive incentives, and coordinated, nationally aligned government approaches have been key factors in attracting digital infrastructure investment.

India's Policy Framework Supports AI Ambitions

India has set out one of the world's most ambitious digital growth agendas. Through initiatives including Digital India, the IndiaAI Mission — supported by more than ₹10,000 crore (approximately US$1.2 billion) in funding — and the India Semiconductor Mission, backed by ₹76,000 crore (approximately US$9 billion), the Indian government has demonstrated a commitment to building the infrastructure, technology capabilities, and investment environment needed to support long-term digital growth in AI, cloud computing, and digital services.

"Prime Minister Modi's vision for India's digital economy has helped create one of the world's most compelling destinations for technology investment," Khuda said. "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."

AirTrunk's existing pipeline is anchored in Mumbai, Chennai, and Hyderabad. The company's proposed development pipeline extends beyond these three markets to additional states and union territories, though specific sites have not been disclosed.

Sources

AirTrunk — Blackstone-backed AirTrunk plans to invest US$30bn and +5GW in India (June 5, 2026)