Key insights
- Adani Group is in talks with Meta and Google for data center partnerships in India, signaling increased investment in digital infrastructure. While the direct impact on US equities is limited, it reflects ongoing capital expenditure in the tech sector and potential growth opportunities for US companies in emerging markets. This news suggests continued expansion and competition in the global data center market.
Investing.com -- Indian billionaire Gautam Adani is in talks with American technology giants including Meta Platforms and Google for partnerships in his data center business, according to a Wednesday report by Bloomberg.
Walmart Inc.’s Flipkart is reportedly also engaged in talks with the tycoon, and the Adani Group is exploring sites across Indian states for the centers.
Specific sites for the new facilities have yet to be finalized, and the discussions remain preliminary, the report added.
The talks are part of a $100 billion digital infrastructure push by Adani. The effort seeks to position his port-to-power group as the supplier of both land and renewable energy needed for hyperscale facilities.
AdaniConnex Pvt., a joint venture between Adani Enterprises Ltd. and EdgeConneX, in October announced a partnership with Google, which is investing about $15 billion to build India’s largest AI infrastructure hub at Visakhapatnam. The current negotiations mark a fresh phase of investment beyond those commitments, the people said.
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