Stockholm-based EQT AB is set to inject a substantial $50 billion into India by 2030, a move poised to significantly bolster the nation's artificial intelligence (AI) infrastructure. A major part of this investment, as reported by Bloomberg, will target data centers linked to Gautam Adani's conglomerate, emphasizing India's growing appeal for global investors in digital infrastructure.
Massive Capital for Data Centers and Green Energy
Jean Salata, chair of EQT, announced in Mumbai that approximately $30 billion of the planned spending is earmarked for data centers. These investments will be channeled through EdgeConneX, an EQT portfolio company that operates AdaniConnex, a 50-50 joint venture established in 2021 with Adani Enterprises Ltd.
Crucially, an additional $5 billion will support renewable power and battery storage solutions to energize these data centers, aligning with the global push for sustainable digital infrastructure. Salata highlighted that this strategy directly addresses the escalating demand for AI compute capabilities within India.
Adani's Vision and Broader Investor Interest
The EQT commitment complements Adani Group's existing ambitious plans. In February, Adani Group disclosed its intention to invest $100 billion by 2035 to develop green-powered, AI-ready data centers across India. This confluence of investments underscores a shared vision for India's digital future.
EQT is not alone in recognizing India's potential. The country's data center capabilities are attracting a growing cohort of global investors, including Blackstone Inc., Brookfield Asset Management Ltd., Warburg Pincus, and Bain Capital. Tech giants are also making substantial commitments, with Amazon.com Inc. planning $12.7 billion for cloud infrastructure by 2030, and Alphabet Inc. dedicating approximately $15 billion to an AI infrastructure hub in Visakhapatnam.
Expanding EQT’s Indian Footprint
Beyond infrastructure, EQT intends to accelerate its venture and buyout private equity investments in India, projecting an additional $15 billion to $20 billion in spending by 2030. Salata remarked that India is poised to play a “disproportionately large role” in EQT's global strategy due to the sheer scale of opportunity.
EQT has a long-standing presence in India, having invested $26 billion across 30 ventures since 1998, with around $7 billion deployed since 2023. Its private equity portfolio includes companies such as Indira IVF Hospital Pvt Ltd and Credila Financial Services Ltd, alongside several IT services firms. Salata noted, “AI is definitely disrupting the IT services industry, but it’s also a source of growth right now,” indicating a strategic blend of adaptation and expansion in the face of technological evolution. As of June 2026, EQT managed €341 billion ($393 billion) in assets globally.