Australia’s AirTrunk has signed a letter of intent for land ​allotment in India’s western state ‌of Maharashtra for a data centre where it will invest $21.05 billion, the state’s ​chief minister said in ​a post on X.

Here are some ⁠details:

• The data center will be ​located in the Raigad Penn Growth ​Centre, which lies on the outskirts of the financial capital Mumbai, and will have ​3 GW capacity
• AirTrunk is backed ​by U.S.-based investment firm Blackstone (BX.N), opens new tab
• The firm has ‌data ⁠centres in Hong Kong, Japan, Malaysia and Singapore
• More than $630 billion worth of investments are expected from U.S. ​tech giants ​this ⁠year as India is offering tax breaks for foreign ​firms operating from domestic ​data ⁠centres
• India’s biggest conglomerates are also stepping up a push into AI and data ⁠infrastructure ​with Reliance (RELI.NS), opens new tab and ​Adani (ADEL.NS), opens new tab committing about $110 billion and $100 billion, respectively, in ​February (Reuters)