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India’s Adani to invest $100 billion in AI data centers by 2035

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The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024.

Amit Dave | Reuters

India’s Adani on Tuesday announced plans to invest $100 billion to develop renewable energy-powered AI-ready data centers by 2035, seeking to establish the world’s largest integrated data center platform.

The blockbuster investment, which comes as India pushes to gain a stronger foothold in the global AI race, is expected to create a $250 billion AI infrastructure ecosystem in India over the next decade, Adani said.

“The world is entering an Intelligence Revolution more profound than any previous Industrial Revolution,” Gautam Adani, chairman of Adani Group, said in a statement.

“India will not be a mere consumer in the AI age. We will be the creators, the builders and the exporters of intelligence and we are proud to be able to participate in that future,” he added.

Shares of Adani Enterprises, the flagship company of Adani Group, rose 2.5% on the news, making it one of the top gainers on the benchmark Nifty 50 stock index. Shares of Adani Green Energy were last seen up 1.8%.

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