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The Adani Group says it plans to invest $100 billion (₹9.06 trillion) over the next decade to build renewable-powered, AI-ready data centres across India. We explain more in today’s deep dive.
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Macro
India, which sends about two-thirds of its steel to Europe, is now trying to diversify into the Middle East and Asia and secure long-term raw materials because the EU’s new carbon tax on imports is making its traditional export market much tougher to compete in.
India’s chief trade negotiator is heading to the U.S. next week to push for progress on tariffs, market access and sticking trade frictions, as New Delhi looks to stabilize ties with its biggest export partner.
India’s trade deficit widened to $34.68 billion (₹3.14 trillion) in January, the biggest in months, as import costs (especially oil and gold) surged faster than export growth, underscoring ongoing pressure from global demand and commodity prices.
Equities
Infosys said AI-related services made up about 5.5 percent of its third-quarter revenue, showing the tech giant is already monetizing artificial intelligence work even as the broader IT sector watches how the shift plays out.
Alts
India sent a warning to global tech platforms they must comply with the country’s constitution and stricter new content rules, including rapid takedowns of unlawful posts, if they want to continue operating there.
Policy
India’s big AI Impact Summit in New Delhi, got off to a chaotic start with long lines, overcrowding and confusing access rules that left many delegates, startups and speakers struggling just to get in. The summit was meant to showcase India’s role in global AI leadership.
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Adani Makes $100 Billion Bid to Be India’s AI Backbone
The Adani Group says it plans to invest $100 billion (₹9.06 trillion) over the next decade to build renewable-powered, AI-ready data centres across India. The goal is to turn the country into a serious player in the global AI race — not just a consumer of technology, but a builder of it.
Right now, most of the world’s AI infrastructure lives in the U.S. and China. India has largely been on the sidelines, especially because it doesn’t have major domestic chip manufacturing. But data centers — the massive facilities that power AI models, cloud computing, and everything from ChatGPT to online shopping — could be India’s opening.
Adani says it will expand its data centre capacity from 2 gigawatts to 5 gigawatts, aiming to create one of the largest integrated data centre platforms in the world. And this isn’t just about warehouses full of servers. The company says these centres will be powered by renewable energy, tying AI growth directly to its broader clean energy ambitions. On top of the $100 billion for AI infrastructure, Adani plans to invest another $55 billion to expand its renewable energy portfolio, including large-scale battery storage.
The ripple effects could be enormous. Adani estimates its investment could unlock an additional $150 billion in related industries — from server manufacturing to sovereign cloud platforms — creating a potential $250 billion (₹22.66 trillion) AI infrastructure ecosystem in India.
It’s not alone. Global tech giants like Google, Microsoft, Amazon and Meta Platforms have all been ramping up AI spending in India, investing another $100 billion into building India’s data center capabilities.
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Written by Yash Tibrewal. Edited by Shreyas Sinha.
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