Data Center
Airtel Draws Global Investors for $1 Billion Nxtra Data Center Push
Alpha Wave Global, Carlyle and Anchorage are backing Airtel’s data center arm as India’s race to build AI and cloud infrastructure gathers pace.
Alpha Wave Global, Carlyle and Anchorage are backing Airtel’s data center arm as India’s race to build AI and cloud infrastructure gathers pace.
Tax breaks tied to local build-out aim to anchor cloud investment as capacity is set to quadruple by 2030, CareEdge says.
Exiting investors, namely Airtel and Carlyle, are expected to put in $300 million. Alpha Wave may contribute $400 million, as per reports.
According to a report, data centers in Mumbai, Chennai, Hyderabad, and Koch may witness increased workloads, particularly from banking clients.
India generates nearly a fifth of global data but hosts only a fraction of the world’s data centers, exposing a competitiveness gap that fiscal measures alone may not close.