AirTrunk—the data center company founded by Australian billionaire Robin Khuda and backed by U.S. private equity firm Blackstone—will invest more than 3 trillion rupees ($30 billion) in data center projects in India by 2030 to tap into the booming demand for AI and cloud computing in the world’s most populous country.

The announcement came after Khuda met with Prime Minister Narendra Modi and other Indian government officials. AirTrunk plans to build some five gigawatts of data center capacity across India, according to a statement released on Friday. “Such investments will strengthen India’s position as a global hub for cloud computing and AI, while generating employment opportunities, supporting local supply chains and accelerating innovation-led growth,”........

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