Adani Group has announced plans to invest $6bn in data center infrastructure in Maharashtra, India.
The company has signed a memorandum of understanding (MoU) with the Maharashtra government and will spread over the next decade, ultimately developing 1GW of data center capacity.
"The data center infrastructure, which will be set up in key locations such as Mumbai, or Navi Mumbai, and Pune, will be powered by renewable energy which will enhance green energy infrastructure in Maharashtra, and provide direct and indirect employment to 20,000 people," said the MoU.
Adani Group will also, where appropriate, make "distribution investments" to power the data center infrastructure. In 2023, the group's subsidiary Adani Electricity Mumbai supplied 38 percent of electricity in Mumbai, a figure which is set to reach 60 percent by 2027.
The MoU was signed in the presence of Maharashtra chief minister Eknath Shinde and Adani's chairman Gautam Adani at the World Economic Forum, taking place in Davos, Switzerland, this week.
This announcement comes a week after Adani committed to invest $24bn in Gujurat's green and renewable energy sectors.
Earlier this month, DCD reported that Adani's joint venture with EdgeConneX, AdaniConneX, was seeking $400m in debt financing and was in talks with global lenders for an off-shore loan. That funding would be used for the data center firm's growth plans for the year.
Web Werks plans $2.4bn Bengaluru data center park
Elsewhere at Davos, Web Werks India signed an MoU with the Karnataka state government which will see it invest $2.4bn in a data center park in Bengaluru.
Karnataka chief minister Siddaramaiah posted on X, the platform formerly known as Twitter: "Great news from Davos! This is a giant leap in our infrastructure journey. Welcome aboard, Web Werks! Karnataka has inked an MoU with Web Werks India Pvt. Ltd at the World Economic Forum. We're set to welcome a massive Rs 20,000 crore investment from Web Werks for a new Data Centre Park in Bengaluru."
Web Werks has been active in India over the last year. In May, the company launched a Hyderabad facility under its joint venture with Iron Mountain, and the following month it announced plans to invest $170m in a Navi Mumbai data center. In October it acquired a four-acre plot in Chennai for two data center buildings with 36MW of capacity.
