Adani Group to invest additional $10 billion in Indian data centers - 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.

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