AirTrunk plans $30B investment in India data centers to fuel AI and cloud growth

The hyperscale data center operator, backed by Blackstone and CPPIB, aims to build over 5 GW of AI-ready capacity in India by 2030.

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Add us on Google by Editorial Team Jun. 6, 2026

AirTrunk just made one of the largest foreign infrastructure bets India has ever seen. The hyperscale data center operator announced plans to invest approximately $30 billion in Indian data centers by 2030, targeting the construction of more than 5 gigawatts of new AI-ready capacity.

To put that number in perspective, India’s entire existing data center capacity sits at roughly 1.5 GW. AirTrunk is essentially proposing to build more than three times the country’s current infrastructure in about four years.

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The setup: Lumina CloudInfra and a 600 MW head start

AirTrunk didn’t walk into India empty-handed. In April 2026, the company acquired Lumina CloudInfra, which gave it an existing development pipeline of approximately 600 MW spread across Mumbai, Chennai, and Hyderabad.

Behind AirTrunk stand two of the world’s most recognizable institutional investors: Blackstone and CPPIB (Canada Pension Plan Investment Board).

India’s data center boom by the numbers

India’s total data center capacity is projected to grow from around 1.5 GW today to as much as 8 GW by 2030. AirTrunk’s planned 5 GW-plus contribution would account for a dominant share of that expansion, potentially making the company the single largest data center operator in the country.

The $30 billion figure also makes this one of the largest single foreign investment commitments in India’s digital sector.

AirTrunk already operates across the Asia-Pacific region, with facilities in Australia, Japan, Singapore, Hong Kong, and Malaysia. The company was founded in 2015 by Robin Khuda.

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