The project was announced on X by Maharashtra Chief Minister Devendra Fadnavis after the two sides signed a letter of intent for the purchase of land in Raigad, a district on the outskirts of India’s financial hub, Mumbai.
“We exchanged a letter of intent for land allotment at the Raigad Pen Growth Centre (Orange City) for their upcoming data center – a massive INR2 trillion investment with 3 gigawatts capacity,” Fadnavis said in his post.
Robin Khuda, founder of AirTrunk. Photo courtesy of the company |
Based in Sydney, AirTrunk has been growing its presence across the Asia-Pacific region, with operations in Australia, Hong Kong, India, Japan, Malaysia and Singapore, Forbes reported. AirTrunk has earlier announced a $3-billion investment in two data centers in Malaysia.
In April, the company expanded in India through the acquisition of Lumina CloudInfra, which was founded by Blackstone, a major shareholder in AirTrunk. Lumina plans to build 600 megawatts of data center capacity and has up to $5 billion in development potential.
Data center investment is surging in India as demand for AI and cloud computing continues to rise. The boom is also drawing the country’s wealthiest business leaders.
Reliance Industries, controlled by India’s richest man Mukesh Ambani, and Adani Enterprises, led by the second-richest Gautam Adani, each plan to invest about $100 billion in data centers and other digital infrastructure projects across India in the coming years.
Khuda, who was born in Bangladesh, has an estimated net worth of $2.1 billion, according to Forbes’ real-time data, making him one of Australia’s wealthiest people.
He founded AirTrunk in 2015 and built it into a major data center operator across the Asia-Pacific region.
In 2024, a consortium led by Blackstone and the Canada Pension Plan Investment Board acquired AirTrunk in a $16 billion deal, as reported by Reuters. Khuda remains AirTrunk’s CEO and retains a small but valuable stake in the company.
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