New Delhi, Oct. 13 -- Adani Enterprises and US-based manufacturing firm Jabil have signed a non-binding agreement to set up a 50:50 joint venture to manufacture artificial intelligence and data centre equipment in India as demand for computing infrastructure accelerates.
The proposed venture would make and assemble AI racks, servers, storage and networking equipment, alongside power distribution systems, liquid-cooling equipment and transformers.
It is envisaged as a multi-gigawatt manufacturing platform serving Indian and global customers, including hyperscalers and data centre operators.
The agreement remains subject to definitive contracts, regulatory approvals and customary conditions, the companies said in a statement.
It follows an announcement in June of the companies' intention to build an AI and data centre hardware manufacturing ecosystem in India.
The memorandum of understanding (MoU) sets out a proposed joint venture (JV) between Jabil and Adani for building a multi-gigawatt AI infrastructure platform in India - spanning AI racks, servers, networking, power and cooling systems.
The JV aims to serve India's accelerating data centre demand, with industry forecasts projecting capacity of 5-8 GW by 2030 and more than $50 billion in planned hyperscaler spending across data centre, cloud, and AI ecosystems.
The companies estimate the global market opportunity at more than $3 trillion over the next seven years as investment in AI compute infrastructure continues to surge.
Once established, the JV would serve the world's leading AI ecosystem players - from hyperscalers and neoclouds to data centre operators and enterprises - with infrastructure made in India for India and for the world.
India's data centre capacity is projected to reach 5-8 gigawatts by 2030, driven by the expansion of cloud computing, AI adoption and data-localisation requirements, the companies said.
They estimate the global market opportunity for AI computing infrastructure at more than $3 trillion over the next seven years.
The venture would expand Adani's presence beyond energy supply and data centre development into manufacturing the hardware that powers AI computing.
The group has committed $100 billion to developing 5 GW of green-energy-powered, AI-ready data centres by 2035.
For Jabil, which reported revenue of $36 billion in fiscal 2026, the partnership would deepen its exposure to India's data centre market by combining its engineering and manufacturing capabilities with Adani's energy and infrastructure assets.
Adani Group Chairman Gautam Adani said the proposed venture would help the group move further up the AI value chain, while Jabil Chief Executive Mike Dastoor said the partnership would support the expansion of rack-level data centre solutions for customers in India and overseas.
The companies said the proposed investment aligns with India's ambitions to expand domestic digital infrastructure and establish the country as a manufacturing base for global AI demand.
Gautam Adani, Chairman, Adani Group, said: "The AI revolution will demand far more than just breakthroughs in algorithms. It will require an entire new industrial architecture where energy, hyperscale infrastructure, advanced computing and precision manufacturing converge to power the intelligence economy".
Published by HT Digital Content Services with permission from Millennium Post.