What is AirTrunk's new investment plan for the Indian market?

Australian data centre giant AirTrunk has announced an ambitious USD30 billion (AUD42.1 billion) plan to develop over five gigawatts of digital infrastructure in India by 2030.

Who is backing AirTrunk’s massive capital expenditure in India?

AirTrunk’s multi-billion-dollar Indian expansion is backed by its major institutional owners, global asset manager Blackstone and the Canada Pension Plan Investment Board (CPPIB). This institutional support provides the financial scale required to fund massive infrastructure rollouts of this size.

How does this news change AirTrunk's existing footprint in India?

This expansion significantly scales up AirTrunk’s initial entry into India, which occurred in April 2024 through the USD5 billion acquisition of Lumina CloudInfra. That original deal secured a 600-megawatt pipeline across Mumbai, Chennai, and Hyderabad, which this new five-gigawatt plan will massively eclipse.

What is the centerpiece project of AirTrunk's USD30 billion Indian strategy?

The main centerpiece is a signed agreement for a land allotment in Maharashtra’s Raigad Pen Growth Centre. AirTrunk plans to build a massive three-gigawatt capacity data centre facility on this site, representing an estimated USD21 billion investment.

What conditions must be met before AirTrunk executes these infrastructure projects?

Whether AirTrunk follows through on these letters of intent remains strictly conditional on three factors: sustained customer demand, the availability of subsea cable access, and supportive local policy and state government frameworks. Investors should view these plans as a strategic roadmap rather than a guaranteed rollout.

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AirTrunk unveils $42B Indian data centre expansion

Written by Isaac FrancisPublished Jun. 7 2026Last Updated Jun. 8 2026

Australian data centre giant AirTrunk has unveiled a US$30 billion plan to develop over five gigawatts of digital infrastructure in India by 2030.

Backed by Blackstone and the Canada Pension Plan Investment Board, the hyperscale operator signed crucial letters of intent with state governments following high-level meetings between

AirTrunk CEO Robin Khuda, regional ministers, and Prime Minister Narendra Modi.

The ambitious rollout scales up AirTrunk’s recent entry into the Indian market, which began in April with the US$5 billion acquisition of Lumina CloudInfra and its 600-megawatt pipeline across Mumbai, Chennai, and Hyderabad.

A major centrepiece of the new strategy includes a signed agreement for a land allotment in Maharashtra’s Raigad Pen Growth Centre, earmarked for a three-gigawatt facility representing an estimated US$21 billion investment.

Executing these projects remains conditional on customer demand, subsea cable access, and local policy frameworks, but the initiative is projected to generate tens of thousands of regional jobs.

Khuda noted that data infrastructure has become as economically vital as traditional transport and power networks.

He emphasised that jurisdictions recognising this shift will successfully attract global capital and innovation.