Digital Connexion to funnel USD 11 bn in India data centers: Mumbai-based Digital Connexion, a joint venture between Brookfield Asset Management, Reliance Industries, and US-based Digital Realty, said it will invest approximately INR 980 bn (USD 11 bn) by 2030 to build 1 GW of AI-native data centers in the southern state of Andhra Pradesh, according to a press release last week. Digital Connexion has inked an MoU with the Andhra Pradesh Economic Development Board towards this end.

Not the region’s only mega data center push: The project follows a separate USD 15 bn commitment by Google and Adani Group last month for a USD 15 bn AI hub in the same region, signaling a broader expansion of Andhra Pradesh’s digital infrastructure.

Background: India is in the midst of a big data center investment cycle, with Digital Connexion’s Andhra Pradesh outlay joining a series of big-ticket commitments. TCS announced last week a USD 2 bn investment with TPG, while Reliance Industries has also teamed up with Meta and Google to build 1 GW of capacity nationwide.

DATA POINT- Indian data center operators are expected to generate around USD 2.4 bn in revenues annually by FY 28, growing 20-22% a year, as per Crisil data.

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