Global capital pours $90 billion into India

PTI

New Delhi

Global corporations and institutional investors have announced more than $90 billion in fresh investment commitments to India in recent months, betting on the country's long-term economic growth despite rising geopolitical tensions, trade disruptions and an uncertain global outlook. Among the biggest commitments, Amazon on Thursday said it would raise its total investment commitment in India to $48 billion by 2030.  

Earlier this month, Australian data centre operator AirTrunk announced plans to invest $30 billion to build 5 gigawatts of data centre capacity in India by 2030. French building materials company Saint-Gobain said on June 18 it would invest an additional  $1.15 billion in India over the next five years, citing the country as one of its fastest-growing global markets.

The Canada Pension Plan Investment Board also committed up to ₹7,000 crore alongside CtrlS Datacenters to expand hyperscale data centre capacity, while industrial technology company ABB announced a $75 mn investment in March to expand its manufacturing and research footprint in India.

Google in February unveiled a five-year $15 billion plan to expand AI infrastructure in India, including data centres, subsea connectivity, cloud capacity and workforce skilling initiatives.