Blackstone’s AirTrunk to Spend $30 Billion on India Data Centers

AirTrunk, a data center operator backed by Blackstone Inc., plans to invest about $30 billion in India over the next few years to tap the country’s rapidly expanding AI and cloud markets.

The outlay, by 2030, makes India one of AirTrunk’s most significant long-term investment markets, the company said Friday in a statement.

AirTrunk is among global tech companies betting on growth in the country of 1.4 billion people, where rapid digitization and rising popularity of artificial intelligence services are fueling demand for data center capacity. In April, AirTrunk said it was buying Lumina CloudInfra to expand ...