Blackstone-backed Lumina CloudInfra has committed to invest around US$300m (€278m) in its first hyperscale data centre campus in the Indian city of Mumbai.
The first phase of construction at Airoli is expected to be completed by 2025.
Anil Reddy, global CEO and co-founder of Lumina CloudInfra, said: “The groundbreaking of our first data centre is an important milestone for Lumina and India’s digital journey.
“The Lumina platform builds on the team’s experiences combined with the success of Blackstone’s strong track record in data infrastructure and shares the commitment of bringing innovative opportunities to investors and consumers around the world, including India.”
Lumina is owned by Blackstone’s Real Estate and Tactical Opportunities funds.
Sujeet Deshpande, CEO and co-founder of Lumina India, said there was “tremendous” demand for data centres in India, which was a hub for many leading technology and IT service companies.
Lumina is expected to start work on a second site at Mahape, Navi Mumbai.
India’s data centre ecosystem is seeing robust and sustained growth, propelled by data proliferation trends. Industry capacity is expected to grow significantly in the next 1-2 years, with Mumbai to continue to lead and account for 52% of the country’s total capacity, according to industry analysts.
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