EQT AB Bets $50 Billion on India, Backing Adani’s AI Data Centers

Swedish investment firm EQT AB plans to invest $50 billion in India.

The firm aims to complete this capital deployment by 2030.

This strategy focuses on digital and physical infrastructure to support the country's expanding AI capabilities.

EQT allocated approximately $30 billion for data centers through its portfolio company, EdgeConneX.

EdgeConneX operates a joint venture with Adani Enterprises called AdaniConnex.

An additional $5 billion will fund renewable energy and battery storage to power these facilities.

This commitment positions EQT among major global investors targeting India's rapidly growing data center market.