Canada Pension Plan Investment Board (CPP Investments) on Wednesday announced a strategic partnership with data centre operator CtrlS Datacenters Ltd., committing nearly $741 million (Rs 7,000 crore) to scale its digital infrastructure footprint in India.
As part of the partnership, CPP Investments will invest Rs 4,000 crore (C$588 million) to acquire an 8.2% stake in CtrlS, which operates a data centre platform with significant contracted capacity, according to a company statement.
In addition, CPP Investments and CtrlS will form a joint venture to develop hyperscale data centre campuses across India, the statement added. CPP Investments has committed up to Rs 3,000 crore (C$441 million) to the joint venture and will hold 48% equity ownership, with CtrlS owning the remaining 52%.
The partnership aims to speed up the development of next-generation data centre infrastructure to meet rising demand from hyperscalers, cloud services, AI applications, and India’s expanding digital economy.
“As one of the world’s fastest-growing digital markets, India represents an important pillar of our global data centre strategy,” said Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments.
“Demand for data centre infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging AI-led demand. This partnership with CtrlS positions us to scale high-quality infrastructure and deliver long-term value for CPP contributors and beneficiaries.”
CPP Investments has been an active investor in the data centre sector globally since making its first direct investment in 2017. Since then, it has built a diversified portfolio of data centre assets and joint ventures across major international hubs, including Asia Pacific.
The Canadian investor made its first investment in India in 2009 and opened its Mumbai office in 2015. With over Rs 185,000 crore (C$27 billion) of net assets at March 31, 2026, CPP Investments is among the largest international institutional investors in India.
