ADANI Enterprises said on Tuesday that the group will invest $100 billion to build renewable energy-powered artificial intelligence (AI)-ready data centers by 2035, as it seeks to create the world’s largest integrated data center platform and establish India as a leader in the global AI race.
The investment is expected to spur an additional $150 billion in spending over the next decade across several related industries including sovereign cloud platforms and server manufacturing, the company said.
Adani’s investment will create a $250-billion AI infrastructure ecosystem in India over the decade, it added.
“At Adani, we are building on our foundation in data centers and green energy to expand into the complete five-layer AI stack focused on India’s technological sovereignty,” Gautam Adani, chairman of the Adani Group, said in a statement.
In October, Google said it would invest $15 billion over five years to set up an AI data center in the southern state of Andhra Pradesh, its biggest investment in India.
The Google project could mean an investment of up to $5 billion for Adani Connex ― a joint venture between Adani Enterprises and private data center operator EdgeConneX.
The conglomerate is also in discussions with other major players to establish large-scale campuses across India, it said, without disclosing further details.
Shares of Adani Enterprises were up 2.4 percent on Tuesday. The stock was among the top gainers on the benchmark Nifty 50 index.
