Adani Group to Invest $10 Billion in Expanding Data Centers Amid India’s AI Surge
The Adani Group is preparing a significant investment push into India's rapidly expanding data center market, planning to deploy an additional $10 billion (approximately ₹1000 crore) to construct new facilities across the country, according to a Bloomberg report. The move is in response to surging demand for AI infrastructure and business process services.
Massive Expansion Targeted at Key Indian States
The group has chosen Andhra Pradesh, Maharashtra, Gujarat, and Tamil Nadu as strategic sites to develop two massive data centers, each anticipated to provide around 1 gigawatt of capacity. Land acquisition processes are reportedly underway for these projects. Over time, Adani aims to scale its total data center capacity to 10 gigawatts.
In Maharashtra alone, the group has already committed $5.9 billion (₹590 crore) toward data center infrastructure, doubling down on the sector with the aim of attracting contracts from foreign governments and multinational corporations.
Growing International Footprint with AdaniConnex
Adani Enterprises has a 50:50 joint venture with Sweden’s EdgeConnex Inc., known as AdaniConnex Pvt. The partnership currently operates a data center in Chennai and is in the process of establishing new facilities in Mumbai, Pune, and Hyderabad.
To support its expansion plans, Adani is reportedly in talks with several global financial institutions to raise an offshore loan of $1.2–1.4 billion. Sources expect the financing deal to be finalized in the coming weeks.
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India’s Data Center Market on the Rise
The Adani Group’s aggressive move into data center infrastructure comes amid expectations that demand in India will soon exceed supply, fueled by AI applications, cloud adoption, and the rise of Global Capability Centers (GCCs). NDTV reported that in 2023, Global Capability Centers (GCCs) leased a record-breaking 77.2 million square feet of office space across key metropolitan areas in India.
While the world’s largest data centers are currently based in the US and owned by tech giants, India’s largest facilities remain under 1 gigawatt in capacity. Adani’s planned investment marks a significant step toward scaling India’s digital infrastructure to meet global standards.
