The Adani Group, a Indian conglomerate, is planning to invest $10 billion in developing hyperscale data centers across India, according to a report by Bloomberg. This move is in response to the growing demand for data centers driven by the adoption of Artificial Intelligence (AI). The company has identified four states as potential locations for two data centers with a combined capacity of 2GW. This investment is part of the company’s agreements with different state governments, including a recent Memorandum of Understanding (MoU) with the government of Maharashtra to build a 1GW data center with an investment of $6 billion.
Adani Group’s data center business, AdaniconneX, is a joint venture with EdgeConneX, a hyperscale data center provider. The company already has one operational data center in Chennai and others in various stages of development in Navi Mumbai, Hyderabad, Pune, NOIDA, and Vizag. Additionally, Adani Group has signed an MoU with the government of Telangana to invest $600 million in a 100MW data center powered by renewable energy.
The Indian data center market is growing rapidly, driven by the adoption of digital technologies in industries such as e-commerce, banking, and healthcare, as well as supportive policies by governing agencies and the growing traction of cloud-based services. According to research by IMARC Group, the Indian data center market size was valued at $5.03 billion in 2024 and is expected to reach $12.85 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 10.43% from 2025-2033.
The Adani Group’s investment in data centers is expected to capitalize on this growth and provide the necessary infrastructure to support the country’s digital transformation. With its existing partnerships with state governments and its experience in developing large-scale infrastructure projects, Adani Group is well-positioned to become a major player in India’s data center market. The company’s focus on renewable energy and sustainability is also expected to appeal to customers looking for environmentally friendly data center solutions. Overall, Adani Group’s investment in data centers is a significant development in India’s digital infrastructure landscape and is expected to have a positive impact on the country’s economic growth and development.