Air Trunk, owned by Blackstone and Canada Pension Plan Investment Board, has announced a $30 billion investment to set up data centers in India with a 5 gigawatts capacity by 2030.With this announcement it could become one of the biggest investors in India’s digital infrastructure creation initiatives over the next few years.The announcement synchronized with the visit of Air Trunk’s founder and chief executive officer Robin Khuda to India during which he also met Prime Minister Modi.Air Trunk had acquired Lumina Cloudinfra in April which gave it a 600 megawatts data center development pipeline in cities such as Mumbai, Chennai and Hyderabad."Capital is mobile, and India is creating the conditions for it to thrive. India is taking a top-down approach to AI with clear government-led initiatives, a world-class talent pool and massive availability of renewable energy,” said Robin Kuda, founder and chief executive officer, Air Trunk.The company has been “bullish” on India, he said."Prime Minister Modi's vision for India's digital economy has helped create one of the world's most compelling destinations for technology investment. India has the scale, talent, and ambition required to become a global AI powerhouse. AirTrunk is excited to support that vision through long-term and transformative investment, infrastructure development, community programs and partnership."Digital infrastructure is becoming as important to economic growth as roads, ports and power networks were in previous generations, Air Trunk said in a release.The company said the investment in 5GW of new data centre capacity underpins significant local economic opportunities. “Each major project supports tens of thousands of local jobs supporting the development, construction, and operation while also attracting the cloud, AI, and technology investment that drives long-term productivity and economic growth.”India is planning to put up 10 gigawatts of data center capacity by 2030.Blackstone and Canada Pension Plan Investment Board acquired Air Trunk in 2024