Amazon is gearing up to invest USD 15 bn in Northern Indiana to develop hyperscaler data center campuses, according to a statement. The tech giant inked an agreement with Indiana’s natural gas firm Nipsco for the project — which is set to cover the costs for the project’s power needs. Amazon has invested over USD 31.3 bn in Indiana since 2010, Reuters reports.

On a data center push in the region: The investment in Indiana builds on a USD 11 bndata center project announced by Amazon last year — which is projected to add around 2.4 GW of capacity in the region. The tech firm also announced a separate plan to funnel nearly USD 50 bn into AI infrastructure — a project slated to start in 2026 and expected to add approximately 1.3 GW of capacity, according to a separate statement.

Canada-backed JV expands logistics portfolio in India: IndoSpace Core, a JV between Indian warehouse developer IndoSpace and Canada’s Pension Plan Investment Board (CPPIB), acquired six industrial and logistics parks across India for INR 30 bn (USD 336.3 mn), Reuters reports. CPPIB — which owns 97% of the JV since its founding in 2017 — committed INR 14 bn to fund the acquisition of these assets, which are strategically located across key Indian logistics hubs, including Bengaluru, Chennai, Delhi, Mumbai, and Pune. It is still not clear how the JV will fund the remaining INR 16 bn of the transaction.

DATA POINT- The Indian warehousing market is forecasted to double in size by 2032 to reach USD 37 bn, the newswire reported, citing data from market research firm Imarc Group.

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