CPP Investments, Canada’s largest pension fund, has committed up to ₹70 billion (approximately $741 million) to Hyderabad-based data center operator CtrlS, backing India’s expanding role in global AI infrastructure. The deal involves a ₹40 billion stake acquisition giving CPP Investments an 8.2% share in CtrlS, plus a joint venture to develop hyperscale data center campuses across India, in which CPP holds a 48% interest.
CtrlS founder and CEO Sridhar Pinnapureddy said the partnership would support capacity expansion tailored specifically for AI workloads. CPP Investments global head of real assets Max Biagosch described India as a critical pillar of the fund’s global data center strategy.
The investment joins a broader wave targeting India’s AI infrastructure, with AirTrunk, Meta, Amazon, Google, and Microsoft all committing significant capital to the country in recent months.
