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Reliance Industries, JV partners to invest $11 billion in India AI data capacity.

deals & business :: 2025-11-26 :: source - reuters

By Reuters

A guard walks past the Reliance Industries logo near the entrance of Dhirubhai Ambani Knowledge City in Navi Mumbai. Reuters

(Reuters) -A Reliance Industries joint venture will invest $11 billion over five years to ​develop 1 gigawatt of AI data capacity in the ‌southern Indian state of Andhra Pradesh, the companies and the state's ‌government said on Wednesday.

Canadian multinational company Brookfield Corporation and U.S.-based real estate investment trust Digital Realty are the other partners involved in the joint venture, called Digital Connexion. ⁠ ‌

The project aims to establish an AI-native data centre campus across 400 acres of ‍land in Andhra Pradesh's Visakhapatnam city.

In October, Google disclosed it will build AI data centre capacity in Visakhapatnam over five years, ​set to be the tech major's largest-ever ‌AI hub outside of the U.S.

The recent boom in AI, which requires vast amounts of computing data, has fuelled a corporate rush to pour money into the technology globally and has led to an unprecedented growth in data centres ⁠across the world.

India's data centre ​capacity is expected to more than triple ​to 4.5 gigawatt by 2030 from current levels, according to real estate consultant Colliers.

Last week,‍ Indian IT ⁠firm TCS also unveiled a partnership with private equity firm TPG to invest $2 billion in equity to form ⁠a joint venture aimed at developing AI data centres.

(Reporting by Abhirami ‌G and Hritam Mukherjee in Bengaluru; Editing by ‌Mrigank Dhaniwala and Janane Venkatraman)


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