Editor’s Synopsis
- The Memorandum of Understanding (MoU) sets out a proposed joint venture (JV) between Jabil and Adani for
building a multi-gigawatt AI infrastructure platform in India — spanning AI racks, servers, networking,
power and cooling systems.
- The proposed JV aims to serve India’s accelerating data centre demand, with industry forecasts projecting
capacity of 5–8 GW by 2030 and more than $50 billion in planned hyperscaler spending across data centre,
cloud, and AI ecosystems. The companies estimate the global market opportunity at more than $3 trillion over
the next seven years, as investment in AI compute infrastructure continues to surge.
- Once established, the JV would serve the world’s leading AI ecosystem players — from hyperscalers and
neoclouds to data centre operators and enterprises — with infrastructure Made-in-India for India and for the
world.
NEW DELHI, India and ST. PETERSBURG, Florida. USA – Oct 13, 2026 – Adani Enterprises Limited (AEL),
the flagship company of the Adani Group, and Jabil Inc. (NYSE: JBL), a global engineering, supply chain and
manufacturing company, have signed a non-binding Memorandum of Understanding (MoU) setting out the framework for a
proposed 50:50 joint venture to manufacture and assemble artificial intelligence (AI) and data centre equipment in
India.
The proposed joint venture remains subject to execution of definitive agreements, receipt of applicable approvals and
satisfaction of customary conditions.
The MoU follows the June 2026 announcement of Adani Group and Jabil’s intent to establish a strategic alliance to
develop an AI and data centre infrastructure manufacturing ecosystem in India.
Mr. Gautam Adani, Chairman, Adani Group, said: “The AI revolution will demand far more
than just breakthroughs in algorithms. It will require an entire new industrial architecture where
energy, hyperscale infrastructure, advanced computing and precision manufacturing converge to power the
intelligence economy.”
“At Adani, our vision is to expand up the AI value chain evolving from powering and hosting AI
infrastructure to engineering and manufacturing the critical systems that will define the next
generation of computing.”
“Our proposed joint venture with Jabil marks a strategic step towards this future, combining Jabil’s
world-class engineering and manufacturing capabilities with Adani’s integrated strengths in energy,
infrastructure and data centres to help build the physical backbone of the global AI economy.”
Mr. Mike Dastoor, Chief Executive Officer (CEO), Jabil Inc., said: “The signing of this MoU is the
next step forward in our shared efforts to establish a scaled AI infrastructure manufacturing platform in India, a
market we believe will become increasingly important for both domestic and global AI infrastructure demand.
Integrating Jabil’s 60 years of engineering and manufacturing expertise with Adani’s significant infrastructure and
energy capabilities, we can bring our rack-level data centre solutions to more hyperscalers in India and around the
world. We look forward to building on the work we started together in June.”
Manufacturing AI Hardware in India
The joint venture would manufacture and assemble AI racks, servers, storage and networking equipment used in data
centres. The racks would house high-performance computing systems for AI applications and other digital services.
The portfolio would also include equipment required to power and cool these systems, including power distribution
units, liquid-cooling systems and transformers.
The venture is expected to have multi-gigawatt AI rack manufacturing capacity, supporting computing systems with a
combined power capacity of several gigawatts. It would also provide installation and commissioning services.
India’s Data Centre Opportunity
India’s data centre capacity is projected to reach 5–8 gigawatts (GW) by 2030, driven by AI adoption, cloud expansion
and data localization.
The venture would provide a manufacturing base in India to serve domestic demand and support exports. The companies
estimate the global market opportunity at more than $3 trillion over the next seven years, driven by investment in
AI computing.
The Digital Personal Data Protection Act, 2023, provides a framework for personal data protection. This legal
safeguard, complemented by the Union Budget 2026 tax holiday for data centres until 2047, is expected to support
investment in domestic data infrastructure.
The venture is aligned with Adani Group’s $100 billion commitment to develop 5 GW of green-energy-powered, hyperscale
AI-ready data centres by 2035. The proposed venture would add hardware manufacturing to the Group’s presence across
infrastructure, energy, logistics and data centres.
For Jabil, which reported $36 billion in revenue in fiscal year 2026, the venture would expand its engineering and
manufacturing footprint in India’s data centre market. The company has also expanded its data centre capabilities
through the acquisition of Hanley Energy Group, which provides critical power and energy management solutions, and
Mikros Technologies, which specializes in liquid-cooling solutions for high-performance computing systems.
About Adani Group:
Headquartered in Ahmedabad, India, Adani Group is one of India's largest integrated infrastructure conglomerates with
interests in Resources, Logistics, Energy, Agro, Real Estate, Public Transport Infrastructure, Consumer Finance, and
Defence. Driven by its core philosophy of ‘Nation Building’ and ‘Growth with Goodness’, the Group is committed to
sustainable development and regional transformation. Further information at www.adani.com.
Media Contact: Roy Paul roy.paul@adani.com
