Adani Enterprises plans $5bn investment over five years in data center business through AdaniConneX, aiming for 1 GW capacity by 2030.
Adani Enterprises, led by billionaire Gautam Adani, aims to invest $5bn over five years in its data centre business through joint venture AdaniConneX, with plans to develop 1 GW of capacity by 2030. The company is in talks with global banks for a $1.2-1.4bn offshore loan to support the expansion. India's data centre industry is expected to double in the next three years, making it an attractive opportunity for expansion.
April 18, 2024
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