Synovus Financial weighs merger options after drawing interest - Bloomberg
Investing.com -- Gautam Adani, the billionaire behind the Adani Group, is planning to invest an additional $10 billion to establish data centers across India, Bloomberg reported on Monday.
This decision comes as the billionaire seeks to capitalize on the growing demand for artificial intelligence and business process-led services, the report said.
The Adani Group, known for its diverse interests from ports to power, has identified potential locations for two data centers, each with a capacity of about 1 gigawatt, the report added.
These locations include Andhra Pradesh, Maharashtra, Gujarat, and Tamil Nadu, Bloomberg reported, citing sources.
The long-term vision for the group is to expand their data center portfolio to a total capacity of 10 gigawatts, the added.
The Adani Group is reportedly targeting business from foreign governments, with a particular emphasis on government-to-government contracts.
The sources also indicated that the process of land acquisition for these data centers is currently in progress.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.