Blackstone-backed AirTrunk is betting big on India, pledging $30 billion by 2030 to build five gigawatts of data centers—fueling the nation’s digital future. With a recent acquisition of Lumina CloudInfra and strong government incentives like tax breaks for international cloud services hosted in India, this isn’t just a play—it’s part of a global race. Giants like Amazon, Google, Microsoft, and Indian conglomerates like Reliance and Adani are all scaling up. But challenges loom: power, water, and land could bottleneck growth. Still, AirTrunk’s strategy hinges on government support, tech talent, and green energy—aiming to cement India as a global AI and cloud powerhouse.
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