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Canadian pension giant joins race to fund India’s AI-fueled data center boom | AI BriefWire

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Canadian pension giant joins race to fund India’s AI-fueled data center boom

A major Canadian pension fund is investing in India's growing AI-driven data center market by acquiring an 8.2% stake in CtrlS. CtrlS operates over 15 data centers across India, supporting AI infrastructure needs. This investment highlights the increasing global interest in AI infrastructure expansion in emerging markets.

Canadian pension giant joins race to fund India’s AI-fueled data center boom

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The Canadian pension giant will acquire an 8.2% stake in CtrlS, a tech giant that operates more than 15 data centers across India.

As global investors race to fund the infrastructure underpinning the artificial-intelligence boom, Canada Pension Plan Investment Board’s CPP Investments has committed up to ₹70 billion (about $741 million) to Indian data center operator CtrlS, betting on India’s growing role in the global buildout of cloud and AI infrastructure.

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PublishedWednesday, June 17, 2026 at 2:38 PMJun 17, 02:38 PM

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Under the partnership announced on Wednesday, CPP Investments will invest ₹40 billion (around $423 million) to acquire an 8.2% stake in CtrlS and commit up to ₹30 billion (about $317 million) to a joint venture to develop hyperscale data center campuses across India.

CPP Investments will own 48% of the joint venture, while CtrlS will hold the remaining 52%, the companies said in a joint statement.

Founded in 2007, CtrlS operates more than 15 data centers across India. The Hyderabad-based company has been expanding its footprint to meet rising demand from cloud providers, enterprises, and AI workloads.

India has become a major destination for data center and AI investments as global technology companies and investors ramp up spending to meet surging computing demand. Companies including Amazon, Google, Microsoft, OpenAI, and Uber have announced investments in the country in recent months, while operators are rapidly expanding capacity amid a broader global race to build AI infrastructure.

“As one of the world’s fastest-growing digital markets, India represents an important pillar of our global data center strategy,” said CPP Investments’ global head of real assets Max Biagosch in a statement.

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