Pranav Hotkar
Mumbai, India – June 17, 2026 - Canada Pension Plan Investment Board (CPP Investments) has committed up to CAD 1 billion (~ USD 714 million) to a strategic partnership with CtrlS Datacenters, marking one of the largest foreign institutional investments in India's rapidly expanding digital infrastructure sector.
The investment combines an equity stake in CtrlS with a joint venture to develop hyperscale data center campuses, underscoring growing investor confidence in India's long-term demand for AI-ready and cloud infrastructure.
Under the agreement, CPP Investments will invest INR 40 billion (~CAD 588 million) to acquire an 8.2% stake in Hyderabad-based CtrlS Datacenters. The partners have also committed additional capital toward a new development platform that will build hyperscale facilities across India, with CPP Investments expected to hold a 48% interest in the joint venture and CtrlS retaining the remaining 52%. The total capital commitment of up to CAD 1 billion includes future investments as new projects are developed.
The partnership is designed to accelerate CtrlS' nationwide expansion as demand for AI computing, hyperscale cloud services, and enterprise digital transformation drives a new wave of data center construction. CtrlS currently operates more than 15 data centers across major Indian markets and has been expanding its portfolio with campuses engineered to support high-density AI workloads.
India has become one of the world's fastest-growing data center markets, fueled by increasing cloud adoption, data localization requirements, and the rapid emergence of generative AI applications. Hyperscale cloud providers are expanding capacity across the country, while enterprise customers are deploying larger AI clusters that require greater power availability, advanced cooling systems, and scalable digital infrastructure.
For CPP Investments, the transaction further strengthens an expanding global digital infrastructure portfolio. The Canadian pension fund has increased its exposure to the sector through investments in data center platforms across Asia and Europe, including a C$1 billion hyperscale joint venture in South Korea and the recently announced acquisition of Nordic operator atNorth alongside Equinix.
The latest investment also reflects broader institutional interest in AI infrastructure as long-term capital seeks assets capable of generating stable returns from accelerating digital demand. Industry analysts expect India's installed data center capacity to grow significantly over the remainder of the decade as hyperscalers, AI developers, and enterprises continue expanding compute infrastructure.
Neither company disclosed the locations or timelines for the first hyperscale campuses to be developed under the joint venture. However, the partners said the platform will focus on delivering next-generation facilities capable of supporting India's growing cloud ecosystem and the rising infrastructure requirements of AI-driven workloads.
