India is expanding its data centre and artificial intelligence infrastructure as manufacturers position for rising demand in servers, racks and cooling systems. Jabil and Adani Enterprises say they have signed a non-binding agreement for a proposed 50:50 joint venture to make AI and data centre equipment in India.
Highlights
- Jabil and Adani signed a binding agreement to manufacture and assemble AI racks, servers, storage, and power equipment for data centres in India.
- The proposed venture targets multi-gigawatt-scale AI rack manufacturing, aligning with India's projected data centre capacity growth to 5GW–8GW by 2030.
- Jabil expects fiscal 2027 revenue of $44.5 billion and annual adjusted earnings per share of $17.55, highlighting its diversification beyond Apple supply.
Proposed manufacturing venture in India
As reported by Reuters, the agreement sets out the framework for a venture that would manufacture and assemble AI and data centre equipment in India.The companies say the venture would make AI racks, servers, storage and networking equipment for data centres. It would also produce power and cooling equipment for AI systems, including power distribution units, liquid-cooling systems and transformers.
The proposed venture is expected to have multi-gigawatt AI rack manufacturing capacity. The pact formalizes a June announcement that Jabil and Adani would explore creating an AI and data centre infrastructure manufacturing platform in India.
Capacity outlook and sector implications
India’s data centre capacity is projected to reach between 5GW and 8GW by 2030, pointing to a larger domestic market for equipment tied to computing, storage and thermal management.For Jabil, the proposed venture expands its exposure to AI infrastructure manufacturing beyond its role as an Apple supplier. The company expects fiscal 2027 revenue of $44.5 billion and annual adjusted earnings per share of $17.55.
In our earlier article on India’s semiconductor strategy, we covered Tata Sons Chairman N. Chandrasekaran’s view that chips will remain indispensable over the long term, even if India’s manufacturing ramp-up is slower than hoped. The report also highlighted growing investor interest in India’s tech buildout—particularly in data centres and other strategic, resilience-focused sectors—against a backdrop of global supply-chain and geopolitical uncertainty.
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