AirTrunk to Invest $30 Billion in AI Data Centers in India

AirTrunk plans to invest $30 billion in India, expanding AI computing capacity by 5 GW by 2030.

Backed by Blackstone, data center operator AirTrunk plans to invest over 3 trillion rupees ($30 billion) in India by 2030, expanding its AI computing capacity by 5 GW.

The company’s initiative will span several states and union territories. After entering the market through the acquisition of Lumina CloudInfra in April 2026, AirTrunk secured a project portfolio of 600 MW in Mumbai, Chennai, and Hyderabad.

Earlier this week, Maharashtra’s Chief Minister Devendra Fadnavis announced the exchange of letters of intent for land allocation at the Raigad Pen Growth Center. AirTrunk aims to build a 3 GW data center there, investing around 2 trillion rupees (approximately $21 billion). The firm did not specify whether this project will be the main component of the planned 5 GW or if additional sites will be developed in other regions.

The announcement followed a meeting between AirTrunk CEO Robin Khuda and Indian Prime Minister Narendra Modi. Khuda also held discussions with federal officials and ministers in Maharashtra and Andhra Pradesh. According to the company, talks focused on accelerating investments in cloud and AI infrastructure, including access to electricity, renewable energy, sustainable water supply, workforce training, and speeding up approvals.

India’s digital infrastructure journey is gathering remarkable momentum.

AirTrunk has announced plans to invest around Rs. 3 lakh crore ($30 billion) in India, and develop 5 GW of data centre capacity. This is among the largest proposed investments in the country’s digital… pic.twitter.com/ZW82nneN5x

— Narendra Modi (@narendramodi) June 5, 2026

Khuda stated that “capital is mobile, and India is creating conditions for its growth.” He noted that AirTrunk sees a combination of government AI initiatives, a strong technical base, and access to renewable energy in the country.

In February, the Indian government proposed zero taxes for foreign cloud service providers until 2047 on services sold outside the country. The mandatory condition is to perform workloads from Indian data centers.