The Canada Pension Plan Investment Board (CPP Investments) will invest as much as 70 billion rupees (US$739 million) in India’s CtrlS Datacenters under a strategic partnership which includes buying a minority stake in the data centre operator.
CPP Investments will pay 40 billion rupees for an 8.2% stake in CtrlS, and invest up to 30 billion rupees in a joint venture with the Indian firm to develop campuses for hyperscale data centres.
The manager of Canada’s largest pension fund announced the partnership in a statement on June 17, saying that it has built a diversified portfolio of data centre assets and joint ventures across major international hubs since entering the sector in 2017.
“This partnership aims to scale its digital infrastructure footprint in one of the world’s fastest-growing data economies.”
According to Max Biagosch, senior managing director and global head of real assets at CPP Investments, India “represents an important pillar of our global data centre strategy”.
“Demand for data centre infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging artificial intelligence-led demand,” he says.
Toronto-based CPP Investments manages the Canada Pension Plan,which had C$793.3 billion (US$562 billion) of assets as of March 2026.
