New Delhi, June 6 -- Prime Minister Narendra Modi on Friday hailed AirTrunk's proposed Rs.3 lakh crore ($30 billion) investment in India, as the data centre operator unveiled plans to build 5GW of AI and cloud infrastructure capacity by 2030.

Backed by investment firm Blackstone Inc. and the Canada Pension Plan Investment Board, AirTrunk said the proposed investment programme would rank among the largest digital infrastructure initiatives currently under consideration in India.

The announcement follows AirTrunk's entry into the Indian market through its acquisition of Lumina CloudInfra in April. The acquisition gave the company a development pipeline of 600 megawatts (MW) across Mumbai, Chennai and Hyderabad.

"Such investments will str...