Canada Pension Plan Investment Board (CPP Investments) has joined forces with the India-based data centre operator, CtrlS, to develop hyperscale campuses across that country. A CAD $1 billion injection gives the pension fund an 8.2 per cent interest in CtrlS’s existing facilities to accompany a 48 per cent stake in the new joint venture.

“India represents an important pillar of our global data centre strategy,” says Max Biagosch, global head of real assets at CPP Investments. “This partnership with CtrlS positions us to scale high quality infrastructure and deliver long term value for CPP contributors and beneficiaries.”

The new partnership augments the approximately CAD $27 billion in assets CPP Investments already holds in India, contributing to its standing as one of the largest international institutional investors there. As well, the investment is in keeping with a focus on AI-related growth as the pension fund expands its global data centre portfolio.

“The demand signals from hyperscalers, cloud providers, and enterprises are clear and unmistakable,” maintains Sridhar Pinnapureddy, founder and chief executive officer of CtrlS. “We are not merely expanding capacity but also establishing the benchmark for AI-ready infrastructure in one of the world’s most significant digital markets.”