Canada Pension Plan Investment Board's CPP Investments has entered a major partnership with Indian data center operator CtrlS, committing up to ₹70 billion to support India's fast-growing cloud and AI infrastructure market.
Under the agreement, CPP Investments will put ₹40 billion into CtrlS for an 8.2% stake, while an additional ₹30 billion will be directed to a joint venture focused on building hyperscale data center campuses across India. In the venture, CPP Investments will hold 48% and CtrlS 52%.
Founded in 2007 and based in Hyderabad, CtrlS already runs more than 15 data centers across the country. The company is expanding to meet rising demand from cloud providers, enterprise clients, and AI-driven computing needs.
The move reflects India's growing position in global digital infrastructure. Major technology companies and investors are increasing their commitments to the market, while domestic groups are also scaling up capacity to serve advanced workloads.
CPP Investments said India is a key part of its global data center strategy, noting its long-term presence in the country and broader investments in digital infrastructure since 2017. CtrlS founder and chief executive Sridhar Pinnapureddy said the partnership will help accelerate capacity designed for AI workloads.
As India strengthens its role in the data economy, this wave of infrastructure investment could help shape the next phase of global AI growth.