A Canadian pension fund is diving headfirst into the Indian tech boom, investing up to ₹70 billion in data centers. CtrlS, an Indian operator, has struck a deal with CPP Investments for a massive expansion tailored for AI workloads.
The partnership will see CPP Investments pour ₹40 billion to acquire an 8.2% stake and commit another ₹30 billion to joint ventures across India. This move underlines India’s growing importance in global data center strategies, a trend spurred by tech giants like Amazon and Google.
India is leveraging policies and tax incentives to attract international investment, aiming for a leading role in the AI revolution. However, while infrastructure grows, questions loom over indigenous innovation and resource use.
