• Entry into India and the $30B plan
• Government incentives and policy backdrop
• The Raigad mega-campus and regional deals
• Market context and future outlook

AirTrunk Announces $30 Billion Investment for 5GW of Data Centers in India AirTrunk’s sudden emergence as a major player in India’s digital infrastructure pits massive AI-era ambitions against questions about scale, timelines, and government-backed incentives.

§Entry into India and the $30B plan

AirTrunk had no operations in India just weeks ago. Six weeks after entering the market through its acquisition of Lumina CloudInfra, the Blackstone-backed hyperscale data center operator announced it plans to invest more than $30 billion by 2030 to build over 5 gigawatts (GW) of capacity across multiple Indian states and union territories. A separate report described the plan as one of the largest digital infrastructure commitments in the country’s history.

In parallel coverage, the Australian company was described as committing $30 billion to develop 5GW of new data center capacity in India, underscoring the scale of the move and its focus on AI workloads.

§Government incentives and policy backdrop

The expansion aligns with India’s broader strategy to become a global cloud and AI hub, supported by policies such as long-term tax holidays for foreign cloud providers running export workloads from Indian data centers. Prime Minister Narendra Modi publicly welcomed the commitment, framing it as a step toward strengthening India’s position in cloud computing and artificial intelligence.

§The Raigad mega-campus and regional deals

A centrepiece of the plan is a proposed 3GW campus at the Raigad Pen(n) Growth Centre near Mumbai. AirTrunk has signed a letter of intent for land allotment with the Maharashtra government, with state officials suggesting an investment of about ₹2 trillion (around $21 billion) for that single site.

AirTrunk also inherited a roughly 600MW development pipeline across Mumbai, Chennai, and Hyderabad via Lumina CloudInfra, and has not yet clarified how much of the 5GW total the Raigad project will account for versus additional sites.

§Market context and future outlook

Analysts project India’s data center capacity could climb from about 1.5GW today to as much as 8GW by 2030, supported by parallel multi‑billion‑dollar commitments from global tech firms and Indian conglomerates. While AirTrunk’s figure reflects planned, not fully committed, spending and leaves room for adjustment over the next four years, it signals how aggressively capital is now chasing India’s AI infrastructure boom.

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