Overview
- AirTrunk announced on Friday that it plans to invest about $30 billion by 2030 to develop roughly 5 gigawatts of data‑centre capacity across multiple Indian states.
- The move builds on AirTrunk’s April 2026 acquisition of Lumina CloudInfra, which gave the company an existing 600 megawatts of projects in Mumbai, Chennai and Hyderabad.
- Maharashtra has exchanged a letter of intent for land at the Raigad Pen Growth Center for a proposed 3GW hub worth about ₹2 trillion, a major site that could account for much of the programme’s capacity.
- The programme is backed by Blackstone and the Canada Pension Plan Investment Board and is projected to create tens of thousands of construction and operations jobs while boosting local supply chains.
- Analysts warn execution will depend on resolving resource and approval limits because hyperscale data centres require very large amounts of electricity, water and land, so future progress will track grid upgrades, renewable sourcing and faster permitting.