Australian data center operator AirTrunk announced plans to invest US$30 billion in India over the next four years to build 5 gigawatts of new data center capacity by 2030 [1, 2, 3]. The company entered the Indian market in April 2026 by acquiring Lumina CloudInfra, marking its first major move in the region [1, 3].
Currently, AirTrunk operates 600 megawatts of capacity across Mumbai, Chennai, and Hyderabad, and plans a major expansion in Maharashtra. The company aims to develop a 3GW data center at the Raigad Pen Growth Center in Maharashtra, with an investment of about ₹2 trillion (around $21 billion) [3]. The Maharashtra government announced a letter of intent for this project in June 2026 [3].
AirTrunk CEO Robin Khuda met India’s Prime Minister Narendra Modi on June 5, 2026, to discuss these investments. Khuda said, "One of the strongest messages we took away from this week was a genuine sense of urgency. There is a recognition that AI investment is a global race and that capital will flow to places that are prepared to compete for it. Every market has strengths and challenges. What investors consistently look for is certainty, coordination and speed." [1]
Modi expressed support, saying, "The planned investment would help strengthen India’s position as a global hub for cloud computing and artificial intelligence." [3]
India’s data center capacity is projected to grow from about 1.5GW currently to as much as 8GW by 2030 [3]. The Indian government offers tax breaks to attract AI and cloud infrastructure investments from foreign firms operating domestic data centers [1, 3].
AirTrunk’s backers include Blackstone and the Canadian Pension Plan Investment Board (CPPIB) [1, 2, 3]. Other major tech companies investing heavily in India’s AI and cloud infrastructure include Amazon, Google, Microsoft, OpenAI, Uber, Reliance, Adani, and TCS [1, 3].
AirTrunk plans to complete its $30 billion investment and 5GW development by 2030 [1, 2, 3].
