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Canadian pension giant joins race to fund India’s AI-fueled data center boom
The Canada Pension Plan Investment Board (CPP Investments) has committed up to ₹70 billion ($741 million) to Indian data center operator CtrlS, investing in the country's growing AI-fueled data center boom. The partnership will see CPP Investments acquire an 8.2% stake in CtrlS and develop hyperscale data center campuses across India. CtrlS operates over 15 data centers in India and has been expanding its footprint to meet rising demand from cloud providers, enterprises, and AI workloads.