AirTrunk to invest $30 bn in India, PM Modi says it will strengthen AI and cloud infra

Key points

• India's ambitions to become a major force in AI and cloud computing have received a fresh boost.
• Australian data centre company AirTrunk has announced plans to invest $30 billion (around Rs 3 lakh crore) in India over the next four years, a move that Prime Minister Narendra Modi says will strengthen the country's AI and cloud infrastructure while creating new opportunities for growth and innovation.
• The announcement comes as India continues to attract global technology companies looking to build the infrastructure needed to power the next phase of AI development.
• Data centres have become a critical part of that effort, providing the computing resources required for AI, cloud services, digital applications, and enterprise workloads.
• AirTrunk said the investment will be used to develop 5 gigawatts of new data centre capacity in India.