India: AI money in and out

Blackstone- and CPP-backed AirTrunk plans over $30B in India by 2030 for 5 GW+ of data centres, after buying Lumina CloudInfra in April.

OpenAI becomes the first customer of Tata Consultancy Services' HyperVault data center business with 100 MW, up to 1 GW in future; TCS adopts ChatGPT Enterprise.

India's Yotta is investing over $2B in a 20,736-GPU Nvidia Blackwell Ultra supercluster in Greater Noida; over 10,000 B300s go to the IndiaAI Mission.

Inside the same supercluster Nvidia will run one of Asia-Pacific's largest DGX Cloud clusters under a four-year deal worth over $1B - the GPUs it sold come back as a contract.

Adani Group pledged $100B by 2035 for renewable-powered AI data centres, taking AdaniConneX from 2 to 5 GW, with campuses for Google (Vizag) and Microsoft (Hyderabad, Pune).

Amazon announced over $35B in India by 2030 across cloud, AI, logistics and exports, on top of ~$40B already invested; the AI share is not broken out.

After meeting Modi, Nadella announced $17.5B in India for 2026-2029, Microsoft's largest in Asia, including a Hyderabad cloud region and sovereign cloud offerings.

TCS and TPG will invest up to ₹18,000 crore in HyperVault, TCS's AI data centre arm (1 GW+ target); TPG contributes up to ₹8,820 crore (~$1B) for up to 49%.

Google will invest $15B over 2026-2030 in a ~1 GW AI hub in Visakhapatnam; AdaniConneX builds the data centres and Airtel the network and subsea landing.

Bharti Airtel (with Nxtra) supplies fibre and connectivity infrastructure for Google's Visakhapatnam AI hub.

At Davos AWS signed an MOU with Maharashtra for $8.3B by 2030 to expand its Mumbai cloud region with new data centres and AI services.

In Bengaluru Satya Nadella announced $3B over two years to expand Azure and AI capacity in India.