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Investing.com -- Indian conglomerate Adani Group is planning to invest up to $5 billion in Google’s upcoming artificial intelligence infrastructure hub in southern India, according to Bloomberg, citing Chief Financial Officer Jugeshinder Singh.
Singh revealed the investment plans while speaking to reporters at an event in Mumbai, noting that the details of the investment are still being finalized.
The investment represents a significant commitment to India’s growing data center sector by the conglomerate led by billionaire Gautam Adani.
Last month, Adani Enterprises Ltd. announced a partnership with Alphabet Inc., the parent company of Google, through AdaniConneX Pvt. The collaboration aims to develop what will become India’s largest AI data center campus, located in Visakhapatnam in the state of Andhra Pradesh.
This planned investment demonstrates the continued flow of capital into India’s rapidly expanding data center business, as major technology companies and infrastructure developers position themselves to meet growing demand for AI computing resources in the region.
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