AirTrunk to invest $21 billion in India data centre
Australia’s AirTrunk has signed a letter of intent for land allotment in India’s western state of Maharashtra for a data centre where it will invest $21.05 billion, the state’s chief minister said in a post on X.
Here are some details:
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The data center will be located in the Raigad Penn Growth Centre, which lies on the outskirts of the financial capital Mumbai, and will have 3 GW capacity
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AirTrunk is backed by U.S.-based investment firm Blackstone (BX.N), opens new tab
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The firm has data centres in Hong Kong, Japan, Malaysia and Singapore
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More than $630 billion worth of investments are expected from U.S. tech giants this year as India is offering tax breaks for foreign firms operating from domestic data centres
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India’s biggest conglomerates are also stepping up a push into AI and data infrastructure with Reliance (RELI.NS), opens new tab and Adani (ADEL.NS), opens new tab committing about $110 billion and $100 billion, respectively, in February (Reuters)
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