India's Sovereign Wealth Fund Commits $800 Million to Hyperscale Data Center Push

India's National Investment and Infrastructure Fund said it plans to invest up to $800 million in data centers and related infrastructure, seeking to capitalize on surging demand for AI computing capacity across the region. The NIIF, a quasi-sovereign wealth fund, expects the data center allocation to form a key portion of a broader $3.2 billion infrastructure fund close, according to CEO Sanjiv Aggarwal. The fund aims to expand its total assets under management from approximately $7 billion to $10 billion within 12 to 18 months, targeting October 2027 to April 2028.