NEW DELHI: Global corporations and institutional investors have announced more than $90 billion in new commitments to India in recent months, spanning artificial intelligence, cloud computing, digital infrastructure, manufacturing and industrial technology, as companies diversify supply chains and tap one of the world’s fastest‑growing major markets, according to people familiar with the plans.
Amazon on Thursday said it would raise its total India commitment to $48 billion by 2030 after CEO Andy Jassy met Prime Minister Narendra Modi, with capital earmarked for cloud infrastructure, AI and digital services.
Australian operator Air Trunk this month outlined a plan to invest about $30 billion to build 5GW of data centre capacity by 2030, one of the largest digital infrastructure programs announced in India to date.
Google in February unveiled a five‑year, $$15 billion push for AI infrastructure, including data centres, subsea connectivity, cloud capacity and workforce skilling.
Manufacturing and industrial technology players are adding to the wave. Saint‑Gobain on June 18 pledged an additional €1 billion (about $1.15 billion) over five years, citing India as among its fastest‑growing markets.
ABB in March announced a $75 million outlay to expand its manufacturing and R&D footprint. The Canada Pension Plan Investment Board committed up to Rs7,000 crore alongside CtrlS Datacenters to scale hyperscale capacity.
Executives and investors say the surge reflects growing confidence in India’s long‑term prospects, underpinned by a large domestic market, a rapidly expanding digital economy, improving infrastructure and policy efforts to attract foreign capital, even as geopolitical tensions, shifting trade policies and slower growth elsewhere cloud the global outlook.
