Daijiworld Media Network – New Delhi
New Delhi, Feb 17: The Adani Group on Tuesday announced plans to invest $100 billion by 2035 to develop renewable energy-powered, AI-ready data centres, aiming to build what it described as the world’s largest integrated data centre platform.
The mega investment, unveiled amid India’s push to strengthen its position in the global artificial intelligence race, is expected to catalyse a $250 billion AI infrastructure ecosystem in the country over the next decade, the company said. It added that the initiative could further unlock $150 billion in additional investments across server manufacturing, sovereign cloud platforms and allied industries.
“The world is entering an Intelligence Revolution more profound than any previous Industrial Revolution,” said Gautam Adani, chairman of the Adani Group. “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.
The announcement coincided with the ongoing AI Impact Summit, which has drawn global leaders and technology executives including Sam Altman and Sundar Pichai, and has been billed as the first major international AI gathering hosted in the Global South.
Shares of Adani Enterprises rose 2.3 per cent following the announcement, making it one of the top gainers on the Nifty 50 index, while Adani Green Energy shares were up 1.8 per cent.
The AI push will build on AdaniConnex, a joint venture between Adani Group and EdgeConnex, which currently operates a 2 gigawatt (GW) national data centre capacity. The company plans to scale this up towards a 5 GW target as part of its integrated platform strategy.
Adani said the vision is backed by strategic partnerships with Google, and discussions are underway with other major global players to establish large-scale data centre campuses across India. Last year, Google’s parent company Alphabet Inc. announced plans to invest $15 billion over five years to build an AI data centre hub in southern India.
Adani Group stocks, however, have seen volatility in recent weeks. Shares had declined after court filings revealed that the U.S. Securities and Exchange Commission is seeking to serve summons to Gautam Adani and his nephew Sagar Adani in connection with alleged bribery and fraud charges. Gautam Adani was indicted along with seven others in a New York federal court in November 2024.
The SEC informed the court that India’s Ministry of Law and Justice had declined to deliver the summons under the Hague Convention last year.