India’s Adani Group has announced plans to invest $100 billion to set up data centers in the country by 2035.
The investment is one of the world’s largest integrated “energy-compute commitments,” the company said in a statement on Tuesday.
The development comes amid New Delhi’s push to gain a firm presence in the global artificial intelligence race and as the country emerges as one of the key data center markets in Asia. A global AI summit is currently underway in the Indian capital.
The investment builds on AdaniConneX’s 2 gigawatt (GW) national data center platform, which will expand to a projected 5 GW target, the Adani Group statement said.
The company said the investment will also work as an incentive for an additional $150 billion in spending across server manufacturing, cloud platforms, and supporting industries.
AdaniConneX, a joint venture between the Adani Group and data center operator EdgeConneX, is executing Google’s $15 billion AI hub project in India.
A surge in global demand for cloud services, spurred by an AI boom, has prompted companies to make investments in data center facilities globally.
To tap into the AI boom, India has proposed a national policy on data centers. Its current capacity, estimated at 1,263 megawatts (MW) as of April, is expected to cross 4,500 MW by 2030.
Artificial intelligence needs computing power and data center infrastructure, and India is laying the foundation for a thriving domestic AI ecosystem by expanding capacity, Prime Minister Narendra Modi said on Sunday.
Google, Microsoft, and Amazon have already committed a combined $68 billion in AI and cloud infrastructure investment in India up to 2030, according to reports.